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Shiba Inu aims to break $3B support and erase a zero from its price amid key whale buying activity.

Market News
16 Oct 2026
UToday
View Source
Neutral
Shiba Inu aims to break $3B support and erase a zero from its price amid key whale buying activity.

Shiba Inu (SHIB) is attempting to restart growth to increase its market cap to $7 billion by breaking above a crucial $3 billion support level. After a strong Q3 surge, the price corrected and now hovers near $0.00000516, with large holders controlling 94.6% of tokens. The key to recovery is closing above the 23-week moving average, signaling renewed buying interest. If successful, SHIB could regain momentum; if not, it risks falling to summer lows as retail investors wait and watch.

Shiba Inu's battle to maintain its crucial $3 billion support level is mirrored in its current trading on Pluang, where SHIB is priced at Rp0.0927 with a positive 3.90% change over the last day as of Oct 16, 2026, 19:21 WIB. The market cap stands strong at Rp54.94 trillion, showing sustained investor interest despite recent corrections. Trading activity leans towards selling at 62%, with typical holders keeping their positions for about 106 days, highlighting cautious optimism among Pluang users.

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