# Shiba Inu Sits Below $0.00000511 Recovery Level at Oct. 19 Reading By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/35792 Published: 2026-10-20T16:53:41.000Z Updated: 2026-10-20T16:53:41.000Z Section: Investing > SHIB was priced at $0.000004969 at 8 p.m. ET on Oct. 19, down 0.94% over 24 hours. The recovery setup also calls for a daily trading-volume pace above $47.83 million. Shiba Inu (SHIB) stood below both $0.000005 and the first level in an Oct. 19 recovery setup, leaving a proposed move to $0.00000554 dependent on a breakout and stronger trading volume. SHIB was priced at $0.000004969 at 8 p.m. ET on Oct. 19 (00:00 UTC Oct. 20), down 0.94% over the preceding 24 hours. An earlier snapshot, taken at 6:45 a.m. ET (10:45 UTC) on Oct. 19, placed it at $0.000005000. The later reading was below the setup’s first recovery threshold of $0.00000511. The recovery scenario requires SHIB to move above $0.00000511 and hold there before testing $0.00000524, $0.00000537 and $0.00000554 in sequence. It also calls for a daily trading-volume pace above $47.83 million. The later price reading alone does not establish whether either condition was met between the two snapshots. The highest target is 10.8% above the earlier $0.000005000 price. That percentage uses the morning snapshot as its starting point, rather than the later reading. Technical analyst Aashish Vishwakarma described a climb through the four exponential moving averages as “a stretch.” The four-hour chart used for the setup showed a pattern of lower highs and lower lows dating to Oct. 12. Its relative strength index was 47.03. At the earlier snapshot, SHIB was at or below the chart’s 20-, 50-, 100- and 200-period exponential moving averages, listed at $0.00000502, $0.00000514, $0.00000529 and $0.00000537. The chart also mapped a downside scenario. A move below $0.00000480 would put $0.00000474 in focus, while a return above $0.00000499 would invalidate that scenario. SHIB remained above $0.00000480 at the later price reading. An [earlier SHIB chart setup]() likewise required a confirmed price move and stronger volume. For the Oct. 19 recovery scenario, $0.00000511 remains the first level to clear and hold. ## Links in this article - [earlier SHIB chart setup](https://www.tokenpost.com/news/investing/31093)