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Shiba Inu tests key $0.000005 support amid mixed signals and declining trading volume.

Technical Signals
17 Oct 2026
AMBCrypto
View Source
Neutral
Shiba Inu tests key $0.000005 support amid mixed signals and declining trading volume.

Shiba Inu (SHIB) has been in a correction phase with its market cap falling below $3 billion and daily trading volume dropping 29% to around $2.03 billion. Despite a 53% rally earlier, SHIB has declined 19% recently and is currently testing the $0.000005 support level for the fourth time. While token burns surged, indicating supply reduction, capital inflows and trading activity have decreased significantly, raising concerns about sustained price recovery. If SHIB holds above $0.000005 and memecoin sector activity improves, bulls may regain control; otherwise, further declines are possible.

As of Oct 18, 2026 00:21 WIB, Shiba Inu (SHIB) trades at Rp0.089 on Pluang, down 2.00% in one day, with a market cap of Rp53.02 trillion and a 24-hour volume of Rp612.68 million. This price sits near the lower end of its recent trading range, reflecting ongoing pressure despite the memecoin's earlier rally. Pluang data also shows a balanced order activity with 54% buying and 46% selling, and typical holders keep SHIB for about 106 days, indicating moderate investor engagement amid the current volatility.

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