Shiba Inu's November outlook remains bearish below $0.00000488 — the 20-day exponential moving average (EMA) and the upper line of its descending channel — after an 18.6% October decline.

Buyers Step In Again at $0.00000448

SHIB fell to $0.00000448 on November 4 before recovering to $0.00000469. Buyers also defended that level in late October, and selling pressure has eased since. The relative strength index (RSI) has risen from about 31 to 39.41, although it remains below the neutral mark of 50.

Key Support and Resistance Levels, November 2026

Two hurdles converge near $0.00000488 on the upside: the 20-day EMA and the upper edge of SHIB's downward trading channel. A daily close above that level would give buyers a chance to test the 50-day average at $0.00000509.

These levels define the immediate conditions traders are watching: holding $0.00000448 would preserve the current rebound, while a break above $0.00000488 would provide the first technical evidence that the decline is easing.

If SHIB closes below $0.00000448, the next level to watch is $0.00000440 at the channel's midpoint, with the summer low of $0.00000410 sitting below it.

• Resistance: $0.00000488 (20-day EMA / channel top); $0.00000509 (50-day average)
• Support: $0.00000448 (November 4 and late-October low); $0.00000440 (channel midpoint); $0.00000410 (summer low)

Weekly Chart: Is $0.00000497 the Level to Break?

SHIB trades about 25% below its late-September high of $0.00000627. Even after the latest bounce, the token remains in the lower half of the roughly $0.00000410–$0.00000625 range it has held since July.

The weekly level to watch is $0.00000497, the middle line of the Bollinger Bands. A weekly close above it would be an early sign that the decline from September is easing; a weekly close below the $0.00000410 summer low would shift attention to the lower band at $0.00000388.

Token Burns Pick Up, but the Amounts Stay Tiny

About 44 million SHIB had been burned by November 4, up from roughly 32 million on November 3 after near-zero days from October 29 to 31, according to Shibburn. The daily figure is about 38% higher than the prior day but still roughly 85% below the approximately 300 million tokens burned on October 5.

• Trend: Burns are up 75.32% over 30 days and 7.21% over seven days, running ahead of the previous period — but such percentages look large on a tiny base and say little about supply.
• Size: The November 4 burns are worth about $200, or 0.0044% of the 1 trillion SHIB that LuckSide says left exchanges.
• Who: Two Coinbase-labeled transfers of 32.13 million and 39.09 million SHIB account for most of the latest burns. The 39.09 million burn was worth $177.84.

At this scale, burns serve as a sentiment signal rather than a supply lever.

LuckSide Says Another 1 Trillion SHIB Left Exchanges

LuckSide Crypto reported that SHIB's exchange supply fell by another 1 trillion tokens to about 84.92 trillion — a new low — after a similar move days earlier. He noted that SHIB had slipped 2.71% on liquidations the day before and expects a clearer move once the midterms and the jobs report pass.

• Scarcity argument: He reads falling exchange supply as large holders accumulating while retail sentiment is weak — conditions he says tend to precede big moves.
• Scale: At $0.00000469, 1 trillion SHIB is worth about $4.7 million, roughly 1.2% of the exchange balance he cites.
• Binance context: BSCN reported that Binance began a second phase of withdrawals at 04:00 UTC on November 3, covering nine networks and assets including SHIB, after its $6.3 billion hack. Some of the recent outflow may therefore reflect holders moving coins off Binance once withdrawals reopened rather than new buying. LuckSide did not specify when the 1 trillion tokens left or from which exchanges.

SHIB Fell in Three of the Past Five Novembers

SHIB dropped 18.6% in October, its worst October since CryptoRank's records began in 2021. Its only other October loss came in 2025, when it fell 15.2%. The token has now declined in three of the past five Novembers.

From November's opening price of about $0.00000470, a repeat of 2025's decline would put SHIB near $0.00000394, below the $0.00000410 summer low, while a repeat of 2024's rally would take it near $0.00000700. With only five completed Novembers on record, neither outcome carries much weight as a forecast.

November Scenarios

Bullish case — target: $0.00000514. SHIB holds $0.00000448, closes above the 20-day EMA and channel line at $0.00000488, then clears the weekly midline at $0.00000497 and the 50-day average at $0.00000509. That would open the 100-day EMA at $0.00000514, about 10% above the current price, with the 200-day EMA at $0.00000548 beyond it. Continued exchange outflows and a steadier crypto market after the midterms would fit this path.

Bearish case — risk level: $0.00000410 (summer low). A close below $0.00000448 would put the $0.00000410 summer low and the channel's lower line in play, and a break beneath that would expose the weekly lower band at $0.00000388. A typical November, with a median loss of 8.26%, would fit this path.

Frequently Asked Questions

Is SHIB bullish or bearish right now?

SHIB stays bearish below $0.00000488. It could move toward $0.00000514 if it closes above the 20-day EMA and channel line and clears the moving averages up to the 100-day. A daily close below $0.00000448 would put the $0.00000410 summer low in play.

Does SHIB usually rise in November?

Not usually. SHIB's median November return is -8.26%, and only 2 of 5 completed Novembers were positive, according to CryptoRank data, which begins in 2021.

Are SHIB burns increasing?

Yes, but in small amounts. Burn data shows about 44 million SHIB burned on November 4, worth about $200, after roughly 32 million on November 3. At that scale, burns are a sentiment signal, not a driver of price.

Where is SHIB's support?

$0.00000448 — the November 4 low and the late-October low — is the first support, followed by the $0.00000410 summer low. A close below it would put the weekly lower Bollinger Band at $0.00000388 in play.

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Source: CryptoNewsNet. Original coverage: CoinEdition.