- Shiba Inu rebounds 5 percent but remains capped inside a long-term descending channel with major resistance overhead.
- Short-term breakout above Supertrend shows improving momentum, but confirmation requires a move past $0.00000988.
- Spot flows remain weak with only $351K in inflows, signaling limited accumulation despite the price recovery.
Shiba Inu price today trades near $0.00000888 after a 5 percent intraday recovery that lifted price toward the midline of a long running descending channel. The move gives buyers short term momentum, but the broader structure remains bearish as overhead resistance and weak spot flows limit conviction.
Downtrend Channel Continues To Cap Upside Attempts
The daily chart shows SHIB moving within a clean channel that has governed price since Q2. Price remains beneath the upper boundary and trades below the 20, 50, 100, and 200 day EMAs. The cluster between $0.00000941 and $0.00001175 forms a resistance ceiling that must be reclaimed to challenge the channel structure.
Related: Cardano Price Prediction: ADA Attempts Recovery but Faces Heavy Resistance Ahead
The mid channel resistance sits near $0.00000988, where price stalled repeatedly during September and October. Unless this level is cleared, the latest bounce remains a reaction inside a broader downtrend.
Support is firm at the lower boundary of the channel, currently near $0.00000650. That zone has been defended multiple times and remains the key level separating controlled decline from accelerated downside.
RSI has recovered toward 50 but lacks momentum. The reading reflects stabilization rather than a trend reversal.
Short Term Chart Shows Early Recovery But Confirmation Lacking
On the 4 hour chart, SHIB has broken above short term Supertrend resistance near $0.00000826. Parabolic SAR dots have flipped below price, signaling a shift in short term momentum. The breakout has been clean but not forceful enough to confirm a structural change.
Immediate resistance sits near $0.00000897 to $0.00000910. A decisive push above that zone would force sellers to cover and open a move toward the key level near $0.00000988. Until then, intraday rallies remain vulnerable to pullbacks.
Related: XRP Price Prediction: XRP Price Holds Key Support as Market Sees Lower Leverage
The recent recovery has formed a higher low, which is constructive. The pattern holds as long as price stays above $0.00000826. Losing that level suggests the bounce is fading.
Spot Flows Remain Negative Despite Price Recovery
Spot flow data shows a modest $351,000 net inflow on December 3. That is a small positive print in an otherwise persistent outflow trend that has dominated since late August.
While positive flows during a price recovery are encouraging, the magnitude is too small to signal sustained accumulation.
Outlook. Will Shiba Inu Go Up?
Shiba Inu has staged a clean short term recovery with technical support from Supertrend and SAR flips. However, the move lacks confirmation from flows and remains inside a dominant bearish structure.
- Bullish case: A break above $0.00000988 followed by a daily close above $0.00001100 signals trend reversal and opens the door toward $0.00001350 to $0.00001500.
- Bearish case: Failure to break resistance sends price back toward $0.00000826. Losing that level risks a retest of $0.00000650.
If SHIB reclaims the EMA cluster and exits the channel, sentiment improves meaningfully. Losing $0.00000650 confirms continuation of the downtrend.
Related: Bitcoin Price Prediction: BTC Stabilizes Above Support as Open Interest Climbs Again
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.