Shiba Inu Drops as SHIB Breaks November Trend

Sean Williams
Shiba Inu (SHIB)

Getting your Trinity Audio player ready...
  • SHIB breaks its two-year November winning streak with a 2.44% monthly drop.
  • Trading volume rises despite a weak price structure and shrinking market cap.
  • Support-level breaches keep bearish sentiment elevated in the meme-coin market.

Shiba Inu (SHIB) continues to struggle for momentum as renewed bearish pressure pushes the meme coin back into a fragile trading zone. After briefly breaking a multi-week November stalemate, SHIB has failed to extend any meaningful upside, instead slipping into a tighter range that reflects caution across the broader market.

SHIB Slides as Market Sentiment Weakens

The token is currently priced at $0.000009771, down 1.3% on the day, according to CoinMarketCap data. The latest decline — which temporarily added an extra zero to the price — underscores SHIB’s inability to reclaim key support and resistance levels. This weakness first appeared in late October when SHIB dipped under the psychological $0.00001 barrier, a move that rattled short-term traders despite a quick rebound.

Shiba Inu Price Chart - CMC Data
Source: CMC Data

Over the last month, SHIB has lost 6.3% of its value, extending a nearly nine-month downtrend. Its market capitalization has fallen to $5.67 billion, far below its 2025 highs above $25 billion. Still, daily trading activity tells a different story: volume surged 26.48% to $168.8 million, signaling that despite fading enthusiasm, market participants are still active.

A Break in SHIB’s November Track Record

Historically, November has been one of SHIB’s stronger months, with gains of 6.62% in 2023 and an impressive 48.8% in 2024. This year, however, the token has declined 2.44% month-to-date, breaking a two-year bullish streak and raising concerns that SHIB’s seasonal strength may be fading.

Each time the price breaches major support clusters, speculation resurfaces around the possibility of SHIB trending toward zero — a recurring fear within the meme-coin ecosystem. Yet long-term holders remain unconvinced by such predictions. They emphasize that SHIB’s expanding ecosystem, deflationary mechanisms, and large global community make a total collapse unlikely.

Also Read: Shiba Inu Shows Strength as Trading Volume Rises and Whale Reserves Decline

Mixed Signals Keep Traders on Edge

Despite the bearish undertones, SHIB continues to draw significant trading attention. The combination of low volatility, weak demand, and rising competition from rival meme coins has created a challenging environment, but not one without opportunity. Traders are now watching volume trends, historical support zones, and sentiment shifts to determine whether SHIB is poised for a rebound or deeper correction.

While Shiba Inu’s break from its November trend has dampened hopes of a quick recovery, the token’s loyal base and sizable market cap keep the door open for a potential turnaround. For now, SHIB remains in a crossroads phase — where patience may matter just as much as price action.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Related Posts