Shiba Inu Fails to Surge Despite Breaking Price Gridlock

Price drops to $0.000009771, adding a new zero after prolonged consolidation.

Downtrend persists, market cap falls to $5.67 billion, while trading volume rises.

SHIB breaks two-year November bullish pattern, signaling potential for further declines.

Shiba Inu — SHIB, has struggled to gain traction, despite breaking through a long-standing November deadlock. Weeks of price swings have pushed the token into a new trading range. The latest drop added a zero to the price, highlighting a fragile setup. While some investors remain hopeful, the market shows mixed signals. Low volatility, weak demand, and competition from other meme coins continue to weigh on SHIB.

SHIB Faces Growing Bearish Pressure

Currently, SHIB trades at $0.000009771, down 1.3% over the last 24 hours, according to CoinMarketCap. The coin has struggled to maintain breaks above key support and resistance levels. In late October, SHIB slipped below the psychological $0.00001 mark, adding a new zero. The decline was brief, but the damage left the token vulnerable.

Range-bound behavior has reflected limited price movement and investor frustration. Weak buying pressure and competition from other meme coins have slowed growth. By early November, SHIB fell to $0.0000089, marking the lowest level since January 2024. The token’s drop confirms a downtrend that has lasted nearly nine months.

Over the past 30 days, SHIB has lost 6.3% of its value. Market capitalization has fallen to around $5.67 billion, down from peaks above $25 billion in 2025. However, daily trading volume increased 26.48% to $168.8 million, suggesting that some investors are still actively participating.

Breaking a Two-Year November Trend

Shiba Inu has failed to continue a two-year bullish pattern for November. In 2023 and 2024, SHIB gained 6.62% and 48.8%, respectively, breaking prior bearish trends. This year, the token has dropped 2.44% since the beginning of the month. The break from the bullish pattern signals potential for further declines.

Every time SHIB falls beneath key support clusters, the idea that the token could head toward zero resurfaces. Market sentiment turns cautious, with traders watching closely for potential rebounds. Yet, despite the bearish pressure, SHIB retains a loyal following. Investors note that accumulated adoption and token structure reduce the risk of complete collapse.

While the recent drop may discourage some traders, the token continues to see active trading. The mixed signals highlight uncertainty and the challenge of predicting SHIB’s next move. Observing trading volume, support clusters, and market behavior will remain essential for those tracking SHIB.

Shiba Inu has shown resilience in past months, but breaking the historic deadlock has not translated into strong gains. Momentum remains muted, and downward pressure persists. Still, the token’s significant market cap and community backing suggest potential for recovery. Traders may need patience as SHIB navigates this challenging phase.