Key Takeaways
- Shiba Inu trades at a new low of $0.00000977, reflecting a bearish market.
- Daily volume increased by over 26%, indicating ongoing trader interest.
- The 50-week and 200-week moving average crossover may signal a critical turning point.
- Shibarium transactions fell 54%, but partnerships may offer long-term benefits.
Shiba Inu Faces New Lows Amid Bearish Market
Shiba Inu (SHIB) recently hit a significant milestone in its market journey, trading at approximately $0.00000977, the lowest since January 2024. This marks a sharp decline from earlier highs when SHIB’s market capitalization surpassed $25 billion, now reduced to around $5.67 billion. The recent price action highlights a clear bearish trend, as SHIB struggles to regain momentum and break through key resistance levels.
Also Read; Shiba Inu Army Hits 1.5 Million as Bullish Reversal Targets $0.000013 Breakout Surge
Despite the downward movement, daily trading volume increased by more than 26%, signaling that traders remain active, even amid market pessimism. The token is currently in a consolidation phase, showing no clear breakout direction, which traders interpret as confirmation of the ongoing bearish sentiment.
Technical Signals Suggest Potential Turning Point
A notable development for SHIB is the crossing of its 50-week and 200-week moving averages, a technical event never before observed for this token. Analysts suggest this could signal a crucial turning point for the cryptocurrency, hinting at either a prolonged bearish continuation or the early stages of a potential recovery.
Also Read: Shiba Inu Breakout Alert: Technical Setup Points to Big Gains
While near-term predictions suggest mild price fluctuations around the current low level, some traders are cautiously optimistic about minor recovery possibilities toward mid-December. This makes it a critical time for investors to monitor key technical levels and moving averages closely.
Market Activity and Ecosystem Updates
SHIB’s ecosystem is also seeing mixed activity. Shibarium transactions recently plunged by 54%, highlighting reduced activity on the network. On a more positive note, a new telecom partnership has emerged, which could support adoption and increase utility in the long term.
Traders and investors are balancing these signals carefully, weighing the technical warning signs against potential catalysts that could stabilize or revive SHIB’s price in the coming weeks.
Conclusion:
Shiba Inu is navigating a challenging market in November 2025, marked by low prices and cautious investor sentiment. However, technical signals and ecosystem developments suggest that informed traders could identify short-term recovery opportunities. Monitoring SHIB’s price action and moving averages in the coming weeks is essential for making strategic moves.
