Overview
- SHIB fell about 7% on Oct. 17 to roughly $0.000009687, extending losses to more than 26% over the past month, according to Benzinga.
- Price broke below the $0.0000098–$0.0000100 floor that held for much of 2025, with the 20-, 50-, 100- and 200-day EMAs now stacked above price as resistance.
- Coinglass data reported by Benzinga showed about $3.1 million in net outflows, pointing to weaker liquidity and limited fresh inflows.
- Technical analyses flag potential downside toward $0.0000068–$0.0000070, while a separate view from crypto.news cites a swing‑low target near $0.000069.
- Analysts note that a rebound would likely require a reclaim of roughly $0.0000105 or a daily close back above the broken range low, as Shibarium’s utility and modest burns have not offset a 589 trillion circulating supply.