- Shiba Inu trades near $0.00000842 inside a declining channel, with repeated rejections from the EMA cluster.
- Spot flows remain negative, with $1.24M in outflows signaling distribution rather than accumulation.
- A breakdown below $0.00000820 risks a move toward $0.00000775, while upside needs a breakout above $0.00000860.
Shiba Inu price today trades near $0.00000842 after slipping lower inside a declining channel that has guided price action since September. The rebound attempt earlier this week stalled at the underside of trend resistance, and sellers pushed price back toward the lower boundary of the channel. The structure remains heavy, with every bounce meeting supply from short term traders rather than fresh demand.
Trend Remains Down As Key Levels Flip Into Resistance
On the daily chart, SHIB continues to trade below the 20, 50, 100, and 200 day EMAs, a clear sign that bulls have lost directional control. The cluster between $0.00000865 and $0.00000934 has repeatedly rejected price and now acts as an overhead barrier. The channel structure has been orderly, with lower highs forming on each attempt to break out.
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The upper Bollinger Band and 20 day EMA capped the most recent rally, forcing a rejection that dropped price back into the middle of the channel. Unless SHIB can close above $0.00000916, momentum remains biased toward lower levels.
Spot Outflows Show Distribution, Not Accumulation
Spot flow data shows continued selling pressure. On December 5, SHIB recorded a net outflow of roughly $1.24 million, while price sat near $0.00000842. This is part of a much larger trend, with red prints dominating over the past several months as liquidity steadily leaves the ecosystem.
When spot outflows persist during a downtrend, it usually means larger holders are exiting positions into weakness rather than building positions for a reversal. That dynamic makes rallies fragile and limits any sustained upside unless flows shift decisively positive.
Intraday Chart Shows Breakdown At Trendline And VWAP
Shorter timeframes show SHIB rejecting the descending trendline for the second time this week. Price lost the VWAP and slid beneath intraday support, putting buyers on the defensive. The RSI is deeply oversold, but there is still no evidence of aggressive accumulation from dip buyers.
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The next support sits near $0.0000082, a level that caught price twice over the past two sessions. Below that, the channel floor opens the door to $0.00000775, which would mark another lower low in the broader structure.
For bulls, the playbook is simple. They need a clean breakout above the descending trendline with a close above $0.0000086 to stop the current bleed. Until that happens, rallies are likely to get faded.
Outlook: Will Shiba Inu Go Up
The bullish case requires SHIB to break $0.00000860 and reclaim $0.00000893 with rising volume. That would put the upper channel boundary and the 200 day EMA at $0.00001169 back into play.
The bearish case is straightforward. A breakdown below $0.00000820 puts pressure on the lower channel and opens risk toward $0.00000775, with deeper extension possible if flows remain negative.
For now, SHIB remains in a controlled downtrend, and rallies look like opportunities for sellers rather than evidence of a shift in trend.
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