SHIB price nears 2026 low as selling pressure builds

Shiba Inu is approaching a significant price level as bearish sentiment dominates its daily performance. Trading near $0.00000480 on October 26, the coin is hovering close to its low for 2026, fueling concerns about the potential for new yearly troughs if selling accelerates further. Shiba Inu’s recent attempt to rebound lost momentum after failing to sustain gains above $0.00000620. Since then, the token has faced persistent downward pressure, trading well under crucial short-term and medium-term moving averages clustered between $0.00000520 and $0.00000540 on Binance’s daily SHIB/USDT chart. SHIB remains firmly below its long-term moving average, which currently stands at about $0.00000555. Analysts consider this development an indication of ongoing bearish market structure, signaling that any attempts at a recovery may be met with robust resistance.

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