Shiba Inu slips below $0.000005 as U.Today analysis flags sellers in control
In brief
- SHIB traded at $0.00000495 after losing $0.000005, according to U.Today's October 20 report.
- Primary support sits at $0.00000480, per U.Today; a close below might open $0.00000440.
- SHIB's 4-hour chart has printed lower highs since October 7, per the analysis.
- SHIB has traded sideways between $0.00000450 and $0.00000650 since a July bottom.
Daily chart: rejected near the 200-day average
SHIB couldn't hold its late-September move to $0.00000625, according to U.Today. That high was rejected near the 200-day moving average (which the analysis placed close to $0.00000560), and price then fell through several daily averages sitting between $0.00000526 and $0.00000545. The outlet said those levels have since become resistance.
U.Today identified the recent low near $0.00000480 as primary support. A close below it, the analysis said, might open the way to $0.00000440. Daily RSI was near 40, which the outlet called weak but not oversold, and volume had dropped. Neither side shows strong conviction, U.Today noted.
4-hour chart: lower highs since October 7
On the shorter timeframe, SHIB has made lower highs since October 7, and every bounce stopped below the moving averages. The 4-hour averages near $0.00000536 and $0.00000526 were sloping down. The closest barrier, per the analysis, is a short-term average near $0.00000502.
Price touched $0.00000480 on October 19 and bounced.
It was a weak bounce, though. U.Today said a 4-hour close back above $0.000005 would be the first positive sign for buyers.
Weekly chart: a range since July
The bigger picture isn't much friendlier. SHIB's been in a long downtrend since early 2025, with the major weekly average near $0.0000114, according to the analysis. The token formed a bottom near $0.00000405 in July and has traded sideways between $0.00000450 and $0.00000650 since then. Weekly RSI sits near 45, and weekly volume is very low.
U.Today framed the levels it's watching on both sides: bulls aim to reclaim $0.000005 and then $0.00000526, while a break below $0.00000480 could lead to a retest of the July lows. Those are the outlet's technical readings, not price targets.
"Until SHIB climbs back above the closest averages, the trend remains down on every timeframe."
That's how U.Today summed up its analysis.
Frequently asked questions
What support level is U.Today watching for SHIB?
U.Today identified the recent low near $0.00000480 as primary support. Its analysis said a close below that level might open the way to $0.00000440, and that a break below it could lead to a retest of the July lows.
What would U.Today consider a positive sign for SHIB buyers?
According to U.Today, a 4-hour close back above $0.000005 would be the first positive sign for buyers. The analysis said bulls aim to reclaim $0.000005 and then $0.00000526, and that the trend stays down on every timeframe until SHIB climbs back above the nearest moving averages.
