The recent low near $0.00000480 is the primary support, and a close beneath it might open the way to $0.00000440. The RSI is near 40, which is weak but not oversold. Volume has also dropped, so neither side shows strong conviction.
4-Hour Chart
The 4-hour chart shows a clear downtrend. $SHIB has been making lower highs since October 7, and every bounce has stopped below the moving averages. The black line near $0.00000536 and the orange line near $0.00000526 now slope down, which confirms the pressure.
The short green average near $0.00000502 is the closest barrier. The price touched $0.00000480 on October 19 and bounced, but the bounce was weak. The RSI sits near 45, a neutral reading, so a short-term reversal is possible but not confirmed. For buyers, a 4-hour close back above $0.000005 would be the first positive sign.
Weekly Chart
The weekly chart offers the bigger picture, and it remains bearish. $SHIB has been in a prolonged downtrend since early 2025, and all major averages point down. The black line is near $0.0000114, far above the current price.
In July, the token formed a bottom near $0.00000405, and it has moved sideways between $0.00000450 and $0.00000650 since then. This range is the key area to watch. The current weekly candle is red, and the price is again sliding toward the lower part of the range. The RSI is near 45, and weekly volume is very low, which indicates weak interest.
Outlook
For bulls, the primary aim is to reclaim $0.000005 and then $0.00000526. For bears, a break below $0.00000480 could trigger a retest of the July lows. Until $SHIB climbs back above the closest averages, the trend remains down on every timeframe.
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