SHIB Tests $0.000006 as Terrarmy Flags Breakout Setup

SHIB Fights the $0.000006 Ceiling

Shiba Inu price ended Monday, October 5, at $0.00000587, down 0.68% for the session, after an intraday run to $0.00000601 stalled right at the round number that now frames the memecoin's October setup. The recorded daily range ran from $0.00000584 to $0.00000601, which places the latest quote back beneath the $0.00000600 line the market tested and failed to hold. The recovery from its summer base has lifted the token above four daily moving average readings that previously sat overhead: the 20-day at $0.00000571, the 50-day at $0.00000541, the 200-day at $0.00000530 and the 100-day at $0.00000494. At $0.00000587, price trades roughly 2.8% above the 20-day line, the first level to give way if the advance stalls. The sequence is not fully bullish yet, since the 100-day average still runs below the 200-day, a leftover from the earlier decline. Momentum has repaired faster than price. Weekly RSI reads 52.26, above the neutral 50 line and its displayed average of 44.80, while daily Chaikin Money Flow holds positive at 0.16. The indicator has cleared its midpoint, but the token still presses on its first weekly barrier, a Murrey Math level at $0.00000596 that overlaps the psychological $0.00000600 zone, about 1.5% overhead. Until support and resistance roles flip there, the weekly chart remains a long decline from the 2024 peaks with an improving daily picture underneath. A far larger recovery structure, drawn from the July 2025 peak toward $0.00001607, sits roughly 174% above the market and only matters after the nearer targets resolve. For October, the immediate question is whether the $0.00000596-$0.00000600 band turns from ceiling into floor. That test carries extra weight because the trading environment around the token changed last weekend.

Solana Debut Adds a Trading Venue

Sunrise, the cross-chain service, brought Shiba Inu (SHIB) to Solana on Sunday, October 4, with the official Shiba Inu and Solana accounts confirming the launch. The token became tradable through Raydium, Jupiter and Phantom, giving Solana users a native venue rather than a bridged workaround. On-chain data captured the first minutes in detail: 3,005 trades worth approximately $300,000 crossed 1,401 wallets within a five-minute window after the announcement, while early pool liquidity stood near $514,000. The burst was small in absolute terms, but it landed where attention was highest, directly after the announcement when order books were thinnest and the official accounts were still amplifying the news. Our related coverage of SHIB's Solana debut tracks the rollout, and the venue went live in time for Monday's resistance test. The timing matters for how the chart reads: the recovery had been building through August and September before the launch was announced, so the new venue did not create the advance, it widens access while price meets its first major barrier. Overhead, a one-month liquidation heatmap shows concentrated clusters around $0.00000610 and $0.00000630, gains of roughly 3.9% and 7.3% from the current quote, with the higher band sitting near the September peak. Below, bands at $0.00000545-$0.00000550 and around $0.00000530 overlap the daily moving-average support zone, and a recent 277 billion token exchange inflow adds a supply-side caveat. For readers tracking the wider Shiba Inu market, Ethereum remains the token's home chain, so Solana liquidity, if it persists, becomes the marginal bid during volatile sessions. Commentators frame the same picture more aggressively. Terrarmy's October 4 post on X describes an ascending support trendline forming on the 4-hour chart and a potential ascending triangle on the daily, tying its breakout case to strong volume and conceding the risk of failed breakouts or support losses. SHIB technical analysis pages currently display the same conditional setup: recovery intact, breakout unconfirmed.

@terra_army · X post

Terrarmy's October 4 post on X.

View on X

Volume Decides the Breakout Debate

COINOTAG's reading is that the disagreement here is not about direction but about confirmation. The chart says a recovery is underway yet unproven above the $0.00000596-$0.00000600 band, while Terrarmy's ascending triangle calls for a decisive push through it. Both positions rest on the same watchable assumption: that a break, when it comes, arrives on volume and preserves the recent higher lows. Until that shows up, the shared ground is the level map itself, with $0.00000571 as the first daily line of defense, $0.00000610-$0.00000630 as the upside prizes, and a loss of the 20-day average as the trigger that hands control to the lower liquidation bands.