Shiba Inu (SHIB) has dropped about 22.6% since October 1, nearly twice the decline of Bitcoin, as markets price in an 88.8% chance of a US Federal Reserve rate hike on December 9. SHIB's price closely follows Bitcoin's, with amplified swings on both down and up days, reflecting its high volatility and risk profile. The upcoming Fed decision is critical, as a rate increase typically pressures risky assets like SHIB. Traders using leverage face liquidation risks if SHIB falls further, while holders should consider custody and tax implications. The key support level is around $0.00000427, with a potential drop to the yearly low near $0.00000411 if Bitcoin weakens after the Fed meeting.
Shiba Inu price movements provide context for cryptocurrency market trends. For readers following crypto assets, here is Pluang's market snapshot as of Nov 11, 2026 18:21 WIB: Out of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Notable movers include ONE (Harmony) down 19.33% at Rp28 with a typical hold time of 153 days and Pluang order activity showing 73% sell, BAL (Balancer) up 11.14% at Rp16.297 with a typical hold time of 85 days, and EOS (EOS.IO) up 8.13% at Rp12.649 with a typical hold time of 87 days.
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