Shiba Inu falls below $0.000005 as downtrend persists on all timeframes

Shiba Inu (SHIB) has slipped below the psychologically significant $0.000005 threshold, trading at $0.00000495, as technical indicators on multiple timeframes point to sustained bearish pressure. On the daily chart, SHIB attempted to break higher in late September, rising toward $0.00000625. However, the upward move was cut short near the 200-day moving average, which remains at approximately $0.00000560. Since this failure, SHIB’s price has fallen through several important moving averages—including the 50-day, 100-day, and 20-day—now positioned between $0.00000526 and $0.00000545. These levels, once support, have now turned into resistance, blocking meaningful upward movement. The nearest major support is around $0.00000480.

Source: CoinTurk News