SHIB trades near yearly lows as sellers maintain strong market control. Key support at $0.00000450 could determine SHIB's next major move. Bulls must reclaim $0.00000500 to weaken the current
Shiba Inu has reached a critical point on the chart, and traders are paying attention. After weeks of steady weakness, SHIB now trades dangerously close to yearly lows. Buyers have struggled to regain control, while sellers continue dominating price action. With momentum fading and important support levels under pressure, the next few trading sessions could determine whether SHIB finds stability or sinks toward new lows for 2026.
https://twitter.com/cryptowithgopal/status/2114625452463812946SHIB currently trades near $0.00000480 after a prolonged decline. The meme coin attempted a recovery earlier in October, but that effort stalled near $0.00000620. Since then, selling pressure has steadily pushed prices lower. Several technical signals support the bearish outlook. SHIB has fallen below key moving averages that sit between $0.00000520 and $0.00000540. Those levels now act as resistance rather than support. The long-term moving average near $0.00000555 creates another obstacle.
As long as price remains below that area, sellers maintain the advantage. Bulls need a strong move higher to change the broader structure. Another concern comes from the loss of the $0.00000500 level. Traders often view round numbers as psychological support zones. Once price falls below such areas, market confidence can weaken further. Trading volume has also remained relatively quiet. Strong recoveries usually require rising demand. Current activity suggests buyers remain cautious.
Momentum indicators tell a similar story. The Relative Strength Index currently sits near 35. That reading reflects persistent selling pressure but stops short of extreme oversold conditions. This detail matters because further downside remains possible. Buyers often become more aggressive when indicators reach deeply oversold territory. Current readings suggest that stage has not arrived yet. The first support area sits near $0.00000450.
Previous corrections found buyers around that level. If support fails, attention could shift toward the $0.00000410 to $0.00000420 range. That lower zone marks an important historical bottom. Another visit could determine whether SHIB forms a lasting base or continues falling. For a bullish shift to emerge, buyers must reclaim $0.00000500. After that, a move above $0.00000530 would weaken the bearish outlook and signal stronger demand.
Until those levels return, caution remains warranted. Sellers continue controlling momentum, while major resistance zones hang overhead. SHIB stands at a decisive technical level with bearish pressure still intact. Weak momentum and declining price action favor sellers for now. Key support near $0.00000450 could determine the next major move. If buyers fail to defend that area, a new 2026 low may become a realistic possibility.
