SHIB Key Price Levels: Rebound or Further Decline?

On November 9, Shiba Inu (SHIB) weakened further, falling below the psychological $0.00000500 threshold and sliding to around $0.00000447. The market is now at a stage where bullish and bearish forces are contending again, and price action in the coming days may determine SHIB’s short-term direction.
From a technical analysis perspective, SHIB is currently facing clear trend pressure. The daily 200-day moving average is around $0.00000545, well above the current trading price, indicating that the broader market remains bearish. Meanwhile, the RSI is gradually approaching oversold territory, showing that recent selling pressure has been concentrated, but also suggesting that the likelihood of a short-term rebound is increasing.
For bulls, the primary task is to hold the $0.00000440 support. If this level holds, SHIB may gain some rebound momentum and retest the $0.00000500 threshold. However, a further break above the $0.00000530 resistance is needed to truly improve the technical outlook.
For bears, $0.00000440 is an important breakout target. If the price decisively falls below this level, the next area to watch will be $0.00000410. If market selling sentiment continues to intensify, SHIB could even test $0.00000400.
Therefore, the next few trading days will be critical for SHIB. Investors should pay close attention to whether effective buying emerges at support and whether trading volume improves alongside any rebound. Until the trend reverses, blindly chasing low prices still carries considerable risk.$MU

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‌#70%山寨币跌破200日均线