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Shiba Inu nears 2026 lows as selling pressure and weak sentiment drag price below $0.000005

Technical Signals
29 Oct 2026, 19:19 WIB
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Bearish
Shiba Inu nears 2026 lows as selling pressure and weak sentiment drag price below $0.000005

Shiba Inu (SHIB) is falling toward its lowest price levels of 2026, trading near $0.00000484 on October 29 after a 13.4% drop over the past month. The meme coin has struggled to recover above $0.000006 amid persistent selling pressure and weak crypto market sentiment. Despite growth in its Shibarium network and occasional token burns, these factors have not been enough to stop the price decline. For a recovery, SHIB must reclaim and hold above $0.000005, but failure to do so could push it toward even lower support levels around $0.00000410–$0.00000420.

Shiba Inu price trends provide context for the broader crypto market snapshot on Pluang. As of Oct 29, 2026 23:21 WIB, 41 of 50 major cryptocurrencies rose while 8 fell. Notable movers include FIL at Rp16.586 with a 3.17% gain and a typical hold time of 100 days, LINK at Rp216.834 up 3.05%, and KSM at Rp69.534 with a 2.75% increase.

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