SHIB Faces $0.00000511 Resistance, With Support Scenarios Near $0.00000480

Shiba Inu (SHIB) fell 3.36% in the 24 hours through 5:08 a.m. ET (9:08 UTC) Oct. 22, while two chart analyses placed resistance at $0.00000511 and separate support levels near $0.00000480.

In an Oct. 19 four-hour chart, technical analyst Aashish Vishwakarma recorded SHIB at $0.000005000 at 6:45 a.m. ET (10:45 UTC), up 0.46% over the previous 24 hours. The chart listed the 20-period exponential moving average at $0.00000502, the 50-period at $0.00000514, the 100-period at $0.00000529 and the 200-period at $0.00000537. Each was above the recorded price. Vishwakarma’s analysis described the bias as bearish while SHIB traded below $0.00000511.

The chart’s upside scenario required a sustained move above $0.00000511 and volume exceeding the reported $47.83 million daily pace. If those conditions were met, it set conditional references at $0.00000524, $0.00000537 and $0.00000554. Separately, a break below $0.00000480 could expose $0.00000474.

An Oct. 15 chart analysis by Maxwell Mutuma placed immediate support at $0.000004927 and critical support at $0.000004826. It identified $0.000004999 and $0.000005105 as levels a recovery would need to clear to strengthen its rebound scenario. A decisive break below $0.000004826 could expose $0.00000464 and $0.00000429.

The support estimates come from different charts published four days apart, and they do not establish a confirmed floor. The $0.00000480 downside level in Vishwakarma’s chart is close to Mutuma’s $0.000004826 critical support, but each belongs to its own conditional setup. The levels follow an earlier report on an unconfirmed SHIB breakout.