Shiba Inu (SHIB) is trading at a decisive technical juncture as persistent selling pressure keeps the meme coin dangerously close to its yearly lows. SHIB currently hovers near $0.00000480 after weeks of steady decline, with bearish momentum still firmly in control. Traders are closely watching whether the token can stabilize or will sink toward fresh 2026 lows in the coming trading sessions.
The recent downtrend follows a brief recovery attempt earlier in October that stalled near $0.00000620. Since that failed push, sellers have steadily driven prices lower. SHIB has fallen below key moving averages situated between $0.00000520 and $0.00000540, which have now flipped into resistance zones. The long-term moving average near $0.00000555 creates an additional obstacle overhead. As long as price remains below these levels, the bearish structure remains intact.
A major psychological concern is the loss of the $0.00000500 round-number level. Round numbers often serve as psychological support zones, and falling below them can weaken market confidence further. Trading volume has remained relatively subdued, suggesting buyers are cautious and lacking the demand needed for a strong recovery.
The Relative Strength Index (RSI) currently sits near 35, reflecting persistent selling pressure but not yet reaching deeply oversold territory. This leaves room for additional downside risk. The first key support is near $0.00000450, where previous corrections have found buyers. If that level fails, attention would likely shift toward the $0.00000410 to $0.00000420 range, an important historical bottom. A visit to that zone could determine whether SHIB establishes a lasting base or continues its slide.
For a bullish shift to emerge, buyers must reclaim $0.00000500, with a subsequent move above $0.00000530 needed to weaken the bearish outlook and signal stronger demand. Until those levels are recovered, caution remains warranted as sellers continue to control momentum and major resistance levels hang overhead.
