Shiba Inu (SHIB) is facing additional downside pressure as major technical indicators deteriorate.

U.Today, a blockchain media outlet, reported on Oct. 31 that Shiba Inu has remained weak after failing to regain a key resistance level despite a recent rebound attempt.

Selling participation strengthened as Shiba Inu's price slipped, bringing it closer to a support zone of $0.00000460 to $0.00000480. Rising volume during a decline is interpreted as a sign that selling is structurally dominant rather than a temporary pullback. If buying fails to absorb the supply, it will not be easy to defend the current price range.

The market is discussing $0.00000460 as a short-term pivot. If that level breaks clearly, the prior low around $0.00000420 could open as the next support. After that, $0.00000400, seen as a psychological support level, was presented as a deeper downside level.

The relative strength index, or RSI, is also adding to expectations of continued weakness. On the daily chart, the RSI has slid toward the lower end of the neutral range, signaling weakening upside momentum. Shiba Inu is moving closer to oversold territory, but that alone makes a rebound difficult to expect. In a prolonged downtrend, the RSI can remain low as prices keep falling. If the RSI stays below 30, it could be a confirming signal that bearish momentum has strengthened further.

The moving average structure has also not improved. Shiba Inu is trading below several key moving averages, including the line that reflects the long-term trend. Short-term moving averages are also showing signs of turning down, raising the possibility of an additional death cross. This setup can reinforce the existing downtrend and slow new buying inflows.

The resistance zone the market is watching is $0.00000520 to $0.00000560. Shiba Inu would need to reclaim that range for the technical outlook to improve. For now, higher sell volume, a weakening RSI and bearish alignment in moving averages are appearing at the same time, putting more weight on the possibility of testing lower levels than on recovering to higher levels.

Ultimately, the short-term focus is whether Shiba Inu can defend $0.00000460. If that level holds, it could slow further losses. If a break of support is confirmed, a path lower toward $0.00000420 and $0.00000400 could open. For Shiba Inu to regain signs of a shift back to an uptrend, it would need to recover the upper moving averages and revive weakened buy volume.