Shiba Inu (SHIB) to Hit 2026 Low? Price Is Too Close to It

Shiba Inu is coming near an essential price area, as bearish pressure continues to dominate its daily chart. Trading at approximately $0.00000480 on October 26, the meme coin is near its 2026 low, raising concerns that another wave of selling could push SHIB into fresh yearly lows. The technical picture offers little encouragement for bulls, with numerous signals suggesting that sellers remain firmly in control. According to the daily SHIB/USDT chart on Binance, Shiba Inu has experienced a sustained decline since its October recovery attempt failed near $0.00000620. The subsequent selloff drove SHIB under multiple key moving averages, including the short-term and medium-term trend indicators clustered between $0.00000520 and $0.00000540. More importantly, the cryptocurrency remains well under its long-term moving average, currently hovering around $0.00000555.

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