Shiba Inu is attempting to stabilize following a turbulent October. The meme-based cryptocurrency trades at around $0.00001032 at press time, indicating a 1% decline over the last 24 hours.
SHIB Price, Source: CoinMarketCap
The digital asset hovers above its 20-day and 50-day exponential moving averages. This positioning suggests short-term sentiment improvement. Yet the 100-day and 200-day EMAs remain overhead. The broader trend has not confirmed a decisive shift to bullishness.
Technical Levels Define Near-Term Path
SHIB faces immediate resistance at the 0.618 Fibonacci retracement level of $0.00001061. A sustained break above this threshold could trigger additional buying interest. Potential targets include $0.00001103 and $0.00001168 in subsequent trading sessions.
Support rests at $0.00000961, with a stronger base established around $0.00000910. Previous buyers defended this lower zone during recent pullbacks. A drop below $0.00000961 would likely retest the $0.00000910 level.
The token operates within a narrowing price range. This compression has tightened over the past two weeks. Such patterns typically precede significant price movements in either direction.
SHIB Price Dynamics, Source: TradingView
The 200-day EMA sits near $0.00001264. This level represents a critical benchmark for medium-term trend reversal. Sustained trading above this moving average would signal a meaningful sentiment shift. Bulls need to reclaim this zone to establish lasting upward momentum.
Persistent Outflows Dominate Market Activity
Spot flow data reveals ongoing selling pressure throughout 2025. Outflows have consistently exceeded inflows across most trading periods. This pattern indicates prolonged distribution by existing holders.
Brief accumulation phases emerged during mid-year. However, selling activity resumed and continued into October. On October 27, SHIB recorded net outflows of $228,000. Trading volume remained subdued at the $0.00001051 price point.
Source: Coinglass
The reduced market participation reflects declining speculative interest. Derivatives activity has slowed considerably compared to earlier periods. This weakness in speculative positioning may limit short-term volatility.
Despite the negative flow dynamics, price stability has improved. The token has established a tighter trading range. This consolidation phase could transition to accumulation if broader market conditions improve.
SHIB's immediate future depends on its ability to hold above $0.00000961. Maintaining this support level remains essential for preserving recent gains. Bulls must also overcome the $0.00001061 resistance to confirm renewed strength.
A successful breakout could propel prices toward the $0.00001168 to $0.00001238 range. These levels align with previous reaction highs from earlier trading periods. Extended targets include $0.00001286 if momentum continues building.
Failure to defend the current support would expose lower levels. A breakdown below $0.00000961 might push SHIB toward $0.00000910. Further weakness could test $0.00000870, representing a deeper retracement zone.
The symmetrical compression pattern suggests volatility expansion approaches. Market participants anticipate a directional move within the coming sessions. Technical indicators point to a pivotal moment for the token.
