Shiba Inu (SHIB) Loses Most Importnat Support For Now

Shiba Inu (SHIB) is trading at $0.00000495 and has dropped below the important $0.000005 mark. The loss of this round level has shifted the short-term mood toward sellers across all three timeframes. On the daily chart, SHIB failed to hold the move to $0.00000625 in late September. That high was rejected near the black 200-day moving average, which sits close to $0.00000560. Since then, the price has fallen through the orange, blue, and cyan averages, all of which now sit between $0.00000526 and $0.00000545. These lines have turned into resistance. The recent low near $0.00000480 is the primary support , and a close beneath it might open the way to $0.00000440. The RSI is near 40, which is weak but not oversold.

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