It has not been a good year for the Shiba Inu coin. According to the data, SHIB started at a price of about $0.0000085 in January 2026, but in each subsequent month, the coin’s value has gradually decreased. In June the coin has lost a significant support and reached a new low at around the level of $0.00000402. Currently, the coin is trading at around $0.0000042; however, the market sentiment still has been weak. The market participants are trying to assess how much lower SHIB is likely to fall by the end of this year.
Key price levels to watch
The low point in June of approximately $0.00000402 is a significant price point to monitor. Should there be a break of that threshold, the subsequent target levels may likely be $0.0000038 and $0.0000035. One of the first significant resistance points along the upward path is the 50-day moving average, which is indicated by $0.0000045. Moving upward, the more significant resistance is the 200-day moving average, represented by $0.0000056.
Currently, the relative strength index (RSI) is positioned around the level of 40; therefore, it’s not yet in an oversold condition. There’s still a little opportunity for a small recovery; however, the overall trend remains negative. Price action demonstrates lower highs and lower lows, which is a bearish pattern.
Why the story looks weak
In 2026, the interest in meme coins has declined. New meme coins are launched, attracting the attention of investors from more established ones like SHIB. Although there are token burns, they do not happen fast enough to support price rises. The current mood in the market is about 72 percent bearish, while the Fear and Greed Index stands at 27, in the fear zone.
The picture going into December looks very negative. The realistic price range at the end of the year shifts between $0.0000035 and $0.0000045. Only a clean breakout above the level of $0.0000056 would change the trend. As long as the token stays under the level of $0.0000045, the price is expected to go down.