After a period of strong rises, the price of SHIB is undergoing a correction phase and seeks to hold above its long-term support, although it is on the verge of losing another zero.

At the time of writing, SHIB is trading at $0.0000101 with daily gains of 0.3%, weekly gains of 4.3%, and monthly losses of 17.9%. It is worth noting that the price had previously fallen to $0.00000925 before rebounding strongly to the current levels.

What is behind the current levels of SHIB?

The price of SHIB moves in line with the rest of the crypto market, which is currently showing a sideways behavior without large fluctuations. This stagnation is also reflected in the memecoin market, where, despite slight weekly gains from occasional spikes, no significant increases are observed in the top 10.

However, recent news provides some momentum to market sentiment.

On October 22, 2025, T. Rowe Price submitted an application to the U.S. SEC to create its first actively managed ETF composed of several cryptocurrencies. The portfolio would include Shiba Inu along with Bitcoin, Ethereum, Solana, and XRP.

Although the proposal still needs to be approved, its inclusion in an ETF alongside other major altcoins reinforces SHIB's positioning as an asset of interest and a possible indicator of institutional confidence.

Technical Analysis: Key Levels to Consider

SHIB remains above a critical zone around $0.00001000, a level that has acted as solid support throughout the month. If the price breaks below this line, a new drop could be triggered.

Resistance to consider:

$0.0000103: strong resistance level at which SHIB previously experienced a rejection.

$0.0000105: corresponding point to the maximum of October 21.

$0.0000110: psychological resistance whose overcoming could mark the beginning of a recovery.

Supports to observe:

$0.0000100: immediate support that coincides with the 200-period exponential moving average (EMA).

$0.0000099: intermediate floor that could act as support if SHIB loses another zero.

$0.0000096: key short-term support, coinciding with the low of October 22.

The RSI, located at 44 points, shows a neutral range, suggesting that no sharp movements are expected in the short term.

Relevant data to consider for SHIB

In the last 24 hours, 4,764,442 SHIB were permanently removed, according to data from Shibburn. During the last week, the burn amounted to 50,786,799 SHIB, raising the total destroyed to 410,752,702,962,590 units since its initial issuance. This represents an increase of 2713% in the token's burn rate.

According to on-chain data, on October 24, there was only a net outflow of $61,800, which kept price volatility under control. Overall, the metrics reflect a lack of clear direction among investors.

Despite the recent correction, the number of SHIB holders continues to grow and has now reached 1,547,558, according to Etherscan. A relevant fact for the second largest memecoin by market capitalization.

Currently, SHIB is trading 88.5% below its all-time high, widening the gap with its highest level reached in the previous cycle.