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Shiba Inu price falls 13.5% in October, nearing key $0.0000050 monthly close level.

Market News
29 Oct 2026, 00:37 WIB
CryptoTicker
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Bearish
Shiba Inu price falls 13.5% in October, nearing key $0.0000050 monthly close level.

Shiba Inu (SHIB) has dropped 13.5% in October, trading around $0.00000497 as it approaches the critical monthly close level of $0.0000050. This level is significant for technical analysis and monthly statistics, with seven consecutive daily closes below it indicating potential weakness. Trading volume surged 4.3 times on October 28, showing active market interest despite the price decline. Investors should watch the monthly close on October 31 to see if SHIB holds above or falls below this key threshold, which could influence future price trends and tax considerations for holders in Germany.

While Shiba Inu (SHIB) has fallen 13.5% in October according to the news, on Pluang it trades at Rp0.0906 with a positive 1-day change of 2.35% as of Oct 29, 2026 04:52 WIB. The market cap stands at Rp53.13 trillion and 24-hour volume is Rp1.2 trillion, showing active trading despite recent weakness. The typical hold time of 107 days and a near even split in buy-sell orders (53% buy) reflect steady investor engagement at this price level.

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