Key takeaways
- Shiba Inu falls toward its 2026 price lows
- SHIB must reclaim $0.000005 to improve recovery prospects
- Token burns remain insufficient to reverse selling pressure
Shiba Inu is approaching its lowest price levels of 2026 as persistent selling pressure and weakening cryptocurrency sentiment threaten to erase its earlier recovery attempts.
SHIB traded near $0.00000484 on October 29, down approximately 2.6% during the session and 13.4% over the previous month. The decline has pushed the meme coin back below the psychologically important $0.000005 level.
SHIB Price Tests $0.00000480 as Selling Pressure Persists
Shiba Inu's decline followed another unsuccessful attempt to recover above $0.000006 earlier in October.
The cryptocurrency briefly approached $0.00000620 before reversing direction, extending a pattern of failed rallies visible throughout September and October.
An October 29 technical snapshot identified immediate support near $0.00000485 and resistance around $0.00000503, with the daily relative strength index near 38.
That reading suggests weakening momentum without establishing that the market has reached a durable bottom.
The latest weakness contrasts with SHIB's September recovery, when buyers briefly restored momentum above $0.0000057.
That rebound ultimately failed at the $0.000006 resistance, leaving the cryptocurrency vulnerable as broader market conditions deteriorated.
Can Shibarium Growth and Token Burns Support SHIB?
Shiba Inu's ecosystem continues developing despite its weak price performance.
Shibarium, the project's Ethereum-based Layer 2 network, supports decentralized applications, payments and token-related services. Earlier network growth brought renewed attention to its expanding infrastructure.
However, cumulative transaction milestones do not necessarily indicate sustained daily usage or increased demand for SHIB.
The network also uses BONE for transaction fees rather than SHIB directly, limiting the immediate connection between additional transactions and purchases of the meme coin.
Token burns present another challenge.
In early October, SHIB's burn rate surged as nearly 298 million tokens were removed from circulation in one reported period, but the price continued falling.
Coinpaper also documented a 91% burn-rate decline in September, demonstrating how inconsistent the supply-reduction mechanism can be.
With approximately 589 trillion SHIB circulating, even hundreds of millions of burned tokens represent a very small percentage of available supply.
Shiba Inu Price Prediction: Recovery or Another Breakdown?
The immediate bullish scenario requires SHIB to reclaim $0.000005 and establish support above that level.
A sustained move beyond $0.00000503 could bring $0.00000519–$0.00000535 into focus, with approximately $0.000006 becoming a more significant recovery target if momentum improves.
However, SHIB remains well below the price levels identified during its previous breakout attempts.
On the downside, losing $0.00000480 would increase attention on $0.00000462 and the broader $0.00000410–$0.00000420 region associated with earlier 2026 lows.
These are conditional technical scenarios rather than guaranteed price targets.