Shiba Inu breaks August trendline as bearish chart structure holds

What happened

Shiba Inu is still absorbing the failure of its September recovery, according to U.Today's Nov. 3 technical analysis. The daily chart shows the token breaking below an ascending support line that had been in place since August. At about $0.00000464, SHIB is trading under its 20-day, 50-day, 100-day and 200-day moving averages.

Those averages are stacked above the current price, creating several layers of overhead resistance. U.Today said the decline toward $0.00000450 was followed by a modest attempt to stabilize, but buying volume remained light. That combination leaves demand too weak for a convincing reversal, even if a short-term relief rally is possible.

The trendline break matters because it removes a structural support level and reinforces the bearish technical picture. U.Today's outlook keeps SHIB bearish while it trades below $0.00000520. A meaningful recovery would require stronger volume and a sustained reclaim of support levels the token has already lost.

Why it matters

For chart watchers, the moving averages and the broken August trendline are the main reference points. With price below all four major averages, rallies have to push through a dense resistance zone before the short-term structure can improve. The low-volume stabilization near $0.00000450 suggests that buyers have not yet shown enough conviction to change the bias.

The downside level is equally important. U.Today said a sustained break below $0.00000450 could trigger more selling and a possible retest of the summer lows. On the other side, a recovery above $0.00000520 would improve the short-term structure, while $0.00000550 remains a significant longer-term resistance level. These are technical markers, not forecasts.

What the data shows

U.Today placed SHIB at roughly $0.00000464 and listed the 20-day, 50-day, 100-day and 200-day averages as overhead resistance. The analysis identified $0.00000450 as the immediate downside level, with a sustained break below it raising the risk of a summer-low retest. On the upside, $0.00000520 was cited as the first level that would improve the short-term structure, and $0.00000550 as a more significant longer-term hurdle. The report did not provide specific volume figures or a date-based forecast.

Background

SHIB had staged a recovery in September, but the token failed to hold those gains, U.Today reported. The ascending support line from August had been a guide for the prior uptrend. Losing it, along with the drop below every major moving average, shifted the technical read toward caution.

What is still unclear

The supplied reports do not explain the 85 trillion SHIB threshold or provide a timeline for a zero-removal move. U.Today's analysis is limited to chart structure, moving averages, volume conditions and price levels. Finbold's Nov. 2 report, which was also supplied, focuses on XRP prediction-market probabilities and does not address Shiba Inu. As a result, there is no reported basis for estimating how long it might take SHIB to remove a zero.

What to watch

The immediate test is whether SHIB can hold above $0.00000450. A daily close below that area could invite another round of selling and put the summer lows back in view, according to U.Today. On the recovery side, traders would need to see a move above $0.00000520 backed by stronger volume to improve the short-term setup; $0.00000550 remains the longer-term resistance to watch. The reports do not set a timetable for either scenario.

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