Sellers Retain Control as SHIB Tests Range Low

• SHIB is testing the lower boundary of a long-term descending channel, with Supertrend and SAR still bearish.
• Intraday momentum remains weak, with RSI below 40 and capital flows failing to confirm accumulation.
• Spot outflows persist and Shibarium activity remains muted, offering no near-term demand catalyst.

Shiba Inu price today trades near $0.00000718 after extending its decline inside a well-defined descending channel. Price is sitting near the lower boundary of that structure, where buyers have attempted to slow the move but have not yet forced a reversal. With trend resistance overhead and spot flows still negative, SHIB remains under short-term pressure.

Descending Channel Defines Daily Structure

On the daily chart, SHIB continues to respect a downward-sloping channel that has guided price since late summer. Each recovery attempt has failed below the channel’s midpoint, keeping the sequence of lower highs intact. The latest selloff pushed price back toward the channel floor, placing focus on whether buyers can defend this zone again.

Trend indicators reinforce the bearish structure. The Supertrend remains above price near $0.00000839, while Parabolic SAR dots continue to trail above candles, signaling that trend direction has not flipped. Until price reclaims these levels, the broader setup remains corrective rather than constructive.

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Immediate resistance aligns with the channel midline near $0.00000800–$0.00000840, a zone that has repeatedly capped rebounds. Acceptance above this area is required to shift daily momentum.

Short-Term Compression Builds Near Support

On the 30-minute chart, price has formed a tightening structure between a descending trendline and a shallow rising base. This compression reflects repeated selling into minor rallies, with buyers only defending the same support band.

RSI on the intraday chart sits near 37, holding below the neutral 50 line. Momentum has failed to recover during recent bounces, keeping upside attempts limited. Each push higher has occurred with weaker RSI readings, preventing price from sustaining above resistance.

The Chaikin Money Flow remains slightly negative near –0.04, showing that capital flow has not shifted in favor of accumulation. Without a turn in CMF, short-term rebounds lack support from inflows.

Spot Flows Continue To Favor Sellers

SHIB’s latest reading shows roughly $89,000 in net outflow as of December 23 after $1 million in inflows the day before. 

Historically, SHIB has required sustained inflow streaks to break descending structures. That condition has not appeared yet. 

As long as spot flows remain negative, rallies are more likely to stall near resistance zones.

Shibarium Activity Remains Muted

On-chain activity through Shibarium remains limited. Total value locked stands near $1.46 million, with daily DEX volume around $86,000. These figures remain well below levels seen during prior expansion phases.

TVL has stabilized after earlier declines but has not resumed an upward trend. Without growth in usage or liquidity, on-chain data does not currently provide a catalyst for price recovery. Fee generation also remains minimal, reinforcing the lack of network-driven demand.

Outlook. Will Shiba Inu Go Up?

SHIB remains pinned near support inside a descending channel, with trend indicators still pointing lower.

• Bullish case: A sustained hold above $0.00000700, followed by a breakout above $0.00000850, would break the channel and flip the Supertrend. That move would shift focus toward $0.00000950.
• Bearish case: A daily close below $0.00000700 confirms continuation within the channel and opens downside toward $0.00000620.

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