SHIB Stabilizes Near Range Low As Supply Signals Improve

• SHIB is stabilizing near the lower boundary of its descending channel after defending $0.00000699.
• Futures outflows and exchange withdrawals suggest leverage cleanup and improving supply dynamics.
• December seasonality and trend resistance near $0.00000825 continue to limit upside momentum.

Shiba Inu price today trades near $0.00000745 after a modest rebound from recent lows, but the broader structure remains fragile. SHIB continues to move inside a declining channel on higher timeframes, even as short-term momentum shows early signs of stabilization. The tension sits between improving supply dynamics and a historically weak December pattern that has capped upside attempts.

Downtrend Still Dominates The Daily Structure

On the daily chart, SHIB remains firmly below its Supertrend resistance near $0.00000825. The broader trend has been lower since October, with each recovery attempt failing below descending resistance. Price continues to respect the falling channel that has guided losses through the fourth quarter.

The recent bounce has occurred near the lower boundary of that channel around $0.00000699. This level aligns with Parabolic SAR support and has acted as a short-term floor into year end. While buyers have defended this zone, the rebound lacks follow-through so far. Structure remains corrective, not impulsive.

Until SHIB breaks above the descending trendline, rallies remain vulnerable to renewed selling.

Range Trading Defines Near-Term Behavior

SHIB has settled into a narrow range between $0.00000698 and $0.00000729 over recent sessions. Volume has thinned, and volatility has compressed. This reflects a market waiting for confirmation rather than positioning aggressively.

On lower timeframes, price has reclaimed session VWAP and is holding slightly above it. That has helped stabilize intraday action, but it does not yet signal a trend shift. RSI on the 30-minute chart sits in the mid-50s after briefly pushing toward overbought conditions. Momentum has cooled without breaking down, suggesting balance rather than strength.

Futures Outflows Signal Position Cleanup

Derivatives data shows a notable shift beneath the surface. CoinGlass reports $6.71 million in futures outflows over the past day, representing roughly 933.9 billion SHIB leaving futures markets. That move suggests leveraged traders are reducing exposure rather than pressing shorts.

When futures outflows accompany sideways price action, it often reflects position cleanup rather than aggressive bearish conviction. Leverage is being unwound into year end, which can reduce downside pressure in the near term.

This does not guarantee upside, but it removes one source of forced selling that has weighed on SHIB during prior drawdowns.

On-chain data adds another constructive element. Nearly 460 billion SHIB has left exchanges over the past week. That movement reduces immediately available supply and points to accumulation or long-term holding rather than short-term trading.

December Seasonality Remains A Headwind

Despite improving supply signals, history argues for caution. December has consistently been a weak month for SHIB. The token closed December lower in 2021, 2022, and 2024, with declines ranging from 13% to nearly 30%. Only 2023 produced a positive close.

That pattern has influenced trader behavior this month. Rallies have been sold into, and risk appetite has remained limited. Seasonal bias alone does not dictate price, but it reinforces existing caution when structure is already bearish.

Ecosystem Developments Stay In The Background

Fundamentals remain mixed. Shibarium is undergoing RPC infrastructure migration aimed at improving decentralization and network reliability. That is constructive over the long term but has not yet translated into price momentum.

At the same time, the daily burn rate dropped more than 32%, with roughly 1 million SHIB burned in recent hours. While burns support the deflation narrative, the pace remains too small to drive short-term price action on its own.

Community sentiment has also been uneven following earlier controversies around promotions on official channels. That noise has faded, but it has not been replaced by a strong positive catalyst.

Outlook. Will Shiba Inu Go Up?

SHIB ends December caught between weakening downside pressure and an intact bearish structure.

• Bullish case: Price holds above $0.00000698 and breaks $0.00000780 with expanding volume. A close above $0.00000825 would confirm trend reversal and open room toward $0.00000950.
• Bearish case: A daily close below $0.00000698 invalidates the base and exposes $0.00000650, with $0.00000600 next if risk sentiment deteriorates.