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Shiba Inu price drops 10%, testing key 200-day moving average support

Technical Signals
24 Sep 2026
UToday
View Source
Bearish
Shiba Inu price drops 10%, testing key 200-day moving average support

Shiba Inu (SHIB) experienced a sharp 10% price drop after briefly breaking above $0.00000620, pulling back to around $0.0000056. This decline erased most gains from its recent breakout and put pressure on the crucial 200-day moving average, which had acted as resistance for months. Despite the pullback, SHIB remains slightly above this key support level, suggesting the downtrend could be a temporary retest rather than a full reversal if it stabilizes above $0.0000056 and recovers. Investors should watch the $0.0000055–$0.0000057 range closely to see if the uptrend holds or if further declines occur below the 200-day average.

Shiba Inu (SHIB) is trading at Rp0.103 on Pluang, down 5.45% in the last day. As of Sep 24, 2026 15:21 WIB, the market cap stands at Rp60.6 trillion with a 24-hour trading volume of Rp2.52 trillion, while sell orders slightly outweigh buy orders at 56% to 44%.

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