Shiba Inu (SHIB) has slid to near its 2026 low, stoking concerns about further declines, blockchain outlet U.Today reported on Oct. 26.

Shiba Inu was trading around $0.00000480, close to its year low. The key question in the market is whether remaining support levels will hold. After an attempted rebound in October was capped around $0.00000620, Shiba Inu extended its downtrend. As selling pressure grew, it fell below short- and medium-term moving averages that had been clustered between $0.00000520 and $0.00000540.

The long-term trend also remains tilted to the downside. The long-term moving average is currently formed around $0.00000555, and Shiba Inu is trading well below that level. That means even a short-term rebound could face strong resistance above. The $0.00000500 level, seen as a psychological price point, has already been broken.

Momentum indicators are also failing to signal a rebound. The relative strength index (RSI) is hovering around 35. U.Today pointed out that the reading shows sustained selling pressure but has not yet entered a deeply oversold zone. That means there is room for the price to fall further.

Trading volume is also offering little support. Volume was broadly weak during the recent decline. That suggests there is not much demand for aggressive bargain buying at current levels. For market participants, the absence of buying interest could weigh more than the speed of the drop.

In the near term, the first support zone the market is watching is around $0.00000450. That level was also tested during a previous correction. If it breaks, Shiba Inu could reopen a move toward the $0.00000410 to $0.00000420 range. That band was presented as an area where a meaningful bottom had formed on the chart.

To ease the bearish trend, the conditions for recovery are clear. Shiba Inu must first reclaim $0.00000500 and then clear the $0.00000530 resistance zone. If it fails to recover those two price levels, the possibility of a retest of the year low will remain.

Ultimately, the key is whether buying can defend the remaining support zone. For now, momentum is deteriorating and all major moving averages sit above the price, leaving Shiba Inu exposed to further losses. Whether it can hold $0.00000450 and recover $0.00000500 is emerging as the key variable that will determine the next direction.