Shiba Inu prices fell to US$0.00006 after Solana went online

Core Points

SHIB is testing resistance levels around $0.0000591 to $0.0000600.

The launch of Sunrise provides SHIB with a Solana trading channel.

$0.00000550 is the deeper support level that is heavily defended during the pullback.

Market Dynamics and Technical Analysis

As of 21:29 UTC on October 4, SHIB rebounded from an intraday low of approximately $0.0000568 to approximately $0.0000594 on Binance. The rally pushed open interest up about 3.30% from the opening price of the day, but prices remained close to the downtrend line that had restrained the rally.

Solana Eco Opens New Path for SHIB

This rebound coincides with Sunrise's announcement on October 4 that SHIB has launched the Solana network, which was confirmed by Solana's official account. The launch means that tokens originating from Ethereum can be traded through the Solana app, providing another marketplace for traders who already use the ecosystem.

Sunrise describes the launch version as canonical. The Solana Foundation's explanation points out that sharing token addresses helps wallets and trading applications coordinate around a preferred form of representation. Although other versions may still exist, SHIB's entry in the Solana Token Registry provides traders with a reference standard to verify the specific assets they access.

Making this version easier to discover and trade can improve accessibility, but it does not directly create additional buying needs. Existing holders can also gain new selling channels, and a busy market may only reflect repeated changes in the same token. Only when liquidity and activity persist after listing can it better demonstrate how much interest the new platform has retained.

This announcement follows reports on October 3 that Meme-linked tokens were under pressure. Faced with the recent weak trend, SHIB has a new attraction to attract attention. Whether this focus translates into a stronger price recovery depends on how buyers respond to the resistance already visible on the daily chart.

The rebound hits the upper edge of a narrowed range

September's sharp rise was followed by a series of downward highs, while the recent correction stopped falling at a higher level. Connecting these points forms a small blue symmetrical triangle: sellers 'suppression allows the rebound to peak earlier, but buyers' intervention also reduces the space between the two sides.

Due to its short duration and immediately following a strong rally, some traders call it the "Pennant". StockCharts 'pattern guide states that flag tags are usually used for patterns that last less than three weeks. However, there are several hatching lines that cross the blue border here, so these lines describe a tentative arrangement rather than a precise barrier that exists every trading day.

The market on October 4th confirmed this difference. Prices briefly fell below the lower limit of rising, and then recovered towards the upper limit of falling. Buyers reversed the decline, but as the day's trading was not yet over, the strength of the rally depended on whether SHIB could maintain higher prices.

The Relative Strength Index (RSI) provided some support for the rally. The value is 59.66, above the neutral median of 50 and slightly above its smooth line of 58.79, indicating positive momentum but not overbought. The narrow gap between the two lines suggests limited improvement; prices still need to escape range constraints.

As the trading range narrowed, trading volume generally fell back from the September gains. If volume increases when resistance is broken, evidence of participation will be enhanced, although the latest volume histogram is incomplete. These bar charts record trading data for Binance, so even if a larger volume column was completed, it would not be possible to quantify SHIB's buying in the new Solana market or determine the reasons for the rebound.

Standing above $0.00006 will reopen the path to September highs

The downward boundary is at the 0.236 Fibonacci retracement level near $0.000059, so the first resistance area is between this level and $0.00000600. The SHIB is slightly above the retracement level, but the broader area of recent stagnation still needs to be cleared.

If the daily line closes above this pattern and continues to trade above the resistance level, this trend will be more substantial. If a subsequent correction attracts buyers near previously broken boundaries, it will further strengthen its argument for turning into support. If the price recedes into the triangle and is difficult to recover, it suggests that the initial breakthrough failed.

If the buyer maintains a higher range, the next hurdle will be $0.0000620-$0.00000627. Both August and September gains peaked near the region, which constituted a visible test point for whether SHIB could surpass previous highs.

$0.0000550 Distinguish a slight pullback from a loss of deeper support

If a rejection is encountered near the resistance level, attention will first return to the rising edge of the triangle, which is roughly $0.0000573-$0.0000575 on October 4, and the 0.382 retracement level below it. The diagonal gradually moved higher over time, while the horizontal area around $0.0000550-$0.0000555 recorded multiple pullbacks that have been absorbed by buyers.

斐波那契水平基于九月低点约 $0.00000475 和高点约 $0.00000625 计算。

在上述首个支撑区域之下，移动平均线为更大规模的回调提供了背景。50 SMA 位于约 $0.00000538，高于位于 $0.00000530 的 200 SMA 和位于 $0.00000492 的 100 SMA。SHIB 位于这三条均线之上，支持更广泛的复苏，但在价格触及它们之前仍有相当大的回调空间。

因此，失去这个小三角形会削弱即时反弹，但单凭这一点并不会抹去整个九月的上涨。若多次收于 $0.00000550 下方，后果将更为严重：买方将放弃在 earlier declines 期间防守的区域，从而使移动平均线集群和更长的上升趋势线成为焦点。

若价格在突破 $0.000006 后能在随后的回调中维持高位，将显示买方在当前区间之外维持更高价格的能力。若遭遇反复拒绝，尽管交易渠道扩大，SHIB 仍将处于整理区间内。

图表来源：TradingView，Binance 上的 SHIB/USDT，2026年10月4日 UTC 时间 21:29。

本文仅供参考，不构成投资建议。技术位仅为近似值，不保证未来价格走势。