Downtrend Holds As Buyers Struggle To Defend Year End Support

• SHIB remains trapped inside a descending channel with EMAs capping every rebound.
• Buyers struggle to defend the $0.00000700 support as momentum fades into year end.
• Thin volume and weak participation limit any late-December recovery attempt.

Shiba Inu price today trades near $0.00000720 as sellers continue to control the tape heading into the final days of December. Price remains pinned below declining trend resistance while buyers attempt to stabilize above a fragile support base. The tension is clear. SHIB is running out of time to reverse a deeply negative monthly close.

Sellers Maintain Control As Downtrend Persists

On the daily chart, SHIB remains locked inside a well-defined descending channel that has capped every recovery attempt since August. Lower highs continue to print beneath the falling trendline, reinforcing the broader bearish structure.

Price trades below the 20, 50, 100, and 200-day EMAs. The 20-day EMA near $0.00000765 and the 50-day EMA around $0.00000840 now form the first layer of overhead resistance. These levels have repeatedly rejected rebounds throughout December.

The Supertrend indicator remains flipped bearish, tracking near $0.00000825. Until price can reclaim that level, sellers retain structural control. The market has shown no evidence of trend exhaustion on the higher timeframe.

Key Support Under Pressure Near $0.00000700

The $0.00000700 zone is now the most important level on the chart. It has acted as a short-term demand shelf through November and December, absorbing repeated tests. However, each bounce has grown weaker.

Daily candles continue to close near the lows, a sign that buyers are defending support but failing to generate follow-through. A clean daily close below $0.00000695 would expose the next downside pocket near $0.00000650, followed by the broader demand zone around $0.00000600.

From a structural perspective, SHIB has not formed a higher low since September. That keeps the bias tilted firmly toward continuation rather than reversal.

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Intraday Charts Show Stabilization But No Breakout

On the 1-hour chart, SHIB has been grinding sideways above $0.00000710 after a sharp flush earlier in the week. Price briefly pierced the descending intraday trendline but failed to hold the breakout.

RSI on the 1-hour timeframe hovers near 52, reflecting balance rather than strength. Momentum has recovered from oversold conditions, but it lacks expansion. MACD remains flat near the zero line, confirming the absence of directional conviction.

Short-term buyers are active, but their footprint is defensive. These moves resemble consolidation within a downtrend rather than the start of a new leg higher.

Volume And Participation Remain Thin

Trading volume has increased roughly 13 percent over the past 24 hours, yet total dollar volume remains below $100 million. That figure is muted for an asset of SHIB’s size and reinforces the holiday-driven slowdown in participation.

Low liquidity environments tend to favor the prevailing trend. Without a surge in spot demand, countertrend rallies struggle to sustain themselves. The lack of aggressive accumulation suggests that larger participants remain on the sidelines.

Historically, December has been a difficult month for SHIB. Data shows that December returns have skewed negative across multiple years, with median losses exceeding 14 percent. This seasonal pressure adds another layer of resistance to any late-month recovery attempt.

Outlook. Will Shiba Inu Go Up?

The setup remains defined by time and structure.

• Bullish case: SHIB holds $0.00000700 and reclaims $0.00000765 with rising volume. A break above $0.00000825 would signal trend stabilization and shift momentum into early January.
• Bearish case: A daily close below $0.00000695 confirms support failure and opens a move toward $0.00000650 and potentially $0.00000600.

As long as SHIB trades below its EMA cluster and descending trendline, the path of least resistance remains lower. Buyers need confirmation fast. Without it, December is likely to close as another bearish chapter.