Shiba Inu Defies Gravity with 17-Day Streak Above 200-Day Line

Shiba Inu's price has held above its 200-day line at $0.00000531 for seventeen days, a feat that's occurred only 23 times in the past 166 trading days. This streak is significant because it's a rare exception to the usual state of affairs, where the price often falls below the 200-day line. The current price of $0.00000571 is 7.5% above the 200-day line, and the 50-day line is only marginally above it, indicating a compression in the market.

The last day Shiba Inu closed below the 200-day line was September 18, 2026, and since then, the price has held above it. The current streak is the first durable reclaim since the spring, and its usefulness lies in measuring the price's ability to hold above the 200-day line. If the price falls back below $0.00000531, the thesis of a bottom has been disproved.

The monthly balances support the picture, with July, August, and September 2026 showing positive gains. However, a run of three positive months carries little weight for the fourth month, given Shiba Inu's history of running double digits in both directions. The all-time high of $0.00008616, from October 27, 2021, is 93.4% below the current price, and a price that doubles has not even covered a seventh of the way back to the old high.