- SHIB breaks below $0.000010 after 6% drop and adds a fifth zero to its market price.
- Shiba Inu down 24 percent in the past 30 days, now trading near October 10 support level.
- Trading volume jumps nearly 49 percent as RSI drops near 40 and MACD shows weakening trend.
Shiba Inu has broken below its long-standing $0.000010 support level, adding a fifth zero to its price after a 6% daily fall. This move puts SHIB in a weaker position, extending its 30-day decline to 24%. While many cryptocurrencies have faced pressure, Shiba Inu’s drop appears sharper than most in the current market.
SHIB Breaks Support as Price Falls Below $0.000010
Shiba Inu (SHIB) has fallen sharply, breaking below the key $0.000010 level and bringing back a fifth zero to its price. The token recorded a 6% loss in the past 24 hours, trading at $0.000009624 at the time of writing. This decline has pulled SHIB down by 24% over the past month.
The broader crypto market has shown weakness, but SHIB’s drop appears deeper. The meme coin has now lost over half of its value since early 2025. SHIB’s market cap has dropped to $5.67 billion, with daily trading volume rising by 48.71% to $154 million, indicating increased market activity.
Key Indicators Signal Continued Pressure
Technical charts show weakening buying interest. The Relative Strength Index (RSI) is currently at 40, reversing before touching the neutral 50 mark. This movement suggests selling activity remains strong.
The MACD (Moving Average Convergence Divergence) also shows fading momentum. Green histogram bars are shrinking, and if red bars emerge below the zero line, it would confirm bearish strength.
The current price has dropped close to the October 10 support at $0.00000974. If it breaks below this, SHIB could test earlier lows at $0.00000930 or $0.00000874, last seen in early 2024.
Analysts Watch Descending Triangle for Rebound Clues
Some analysts are still watching the SHIB chart for a potential recovery. A chart shared by analyst Saraah shows SHIB near the end of a descending triangle pattern on the 4-hour SHIB/USDT chart. The structure has held since mid-October.
According to the analyst, “SHIB remains within support structure and is showing signs of growing volume,” posted via TradingView. The triangle formation may act as a support zone if buying pressure returns. However, any move upward may face resistance at $0.00001000 and $0.00001045.
For now, SHIB remains under pressure with key support zones under observation as bearish signals continue to weigh on short-term trends.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
