Shiba Inu was trading at approximately $0.00000480 on October 26 after its recovery attempt failed near $0.00000620. The memecoin fell below several moving averages, including those situated between $0.00000520 and $0.00000540, as well as the long-term moving average near $0.00000555. Its Relative Strength Index, at around 35, indicates persistent selling pressure without reaching extreme oversold conditions, while trading volumes remain subdued. A break below the $0.00000450 support could expose the $0.00000410 to $0.00000420 area, whereas a move back above $0.00000500 would be needed to weaken the bearish outlook.
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