Here is what could be next for SHIB before January ends | Credit: Hameem Sarwar
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Key Takeaways
SHIB remains in a bearish structure, with rebounds acting as corrections below resistance.
Momentum indicators remain weak, with the MACD bearish and the RSI near oversold.
Unless volume-driven buying returns, SHIB’s price is likely to grind toward $0.0000068.
Shiba Inu (SHIB) price remains locked in a bearish structure, with sellers continuing to dominate both short- and long-term price action.
After several failed recovery attempts, the memecoin has surrendered key support levels. As of this writing, SHIB’s price is now trading well below former demand zones.
This shift clearly signals that sellers have taken control of the broader market structure.
As momentum indicators roll over and structural resistance caps every rebound,
SHIB price action suggests that a move toward the $0.000010 psychological level is no longer a realistic near-term objective.
Instead, price behavior continues to favor downside continuation as bearish momentum strengthens its grip on the prevailing trend.
SHIB Price Faces Strong Resistance
The Moving Average Convergence and Divergence (MACD) on the 4-hour chart confirms this bearish setup.
From the image below, the 12-period EMA remains below the 26-period EMA, while the histogram continues to print expanding red bars.
This alignment reflects persistent downside momentum and suggests that recent price rebounds are corrective moves rather than genuine trend reversals for SHIB.
To be clear, the descending channel confirms the bearish outlook
Furthermore, the Relative Strength Index (RSI) further reinforces this weakness. With RSI holding at 36.04, SHIB’s price hovers just above oversold territory, indicating weak demand and fading buyer conviction.
Although the indicator appears technically stretched, the absence of bullish divergence suggests that downside pressure remains in place.
From a structural perspective, the SHIB price has broken below its short-term support band. Notably, it is now consolidating beneath the previous demand zone.
This area has flipped into resistance, limiting upside attempts and increasing the likelihood of further downside continuation.
As long as the SHIB price remains below its descending resistance trendline and fails to reclaim the demand zone, upside potential stays structurally constrained.
Spot Outflow Rises
Spot exchange data further reinforces this cautious outlook. According to Coinglass, Net outflows have exceeded $524,000, showing that SHIB tokens continue to leave centralized exchanges.
While exchange outflows can sometimes indicate long-term accumulation, the absence of a corresponding increase in spot buying volume suggests otherwise.
Instead, this trend reflects thin liquidity and muted market participation. Should this remain the same, SHIB’s price might struggle to rebound.
On the daily chart, every upward move by SHIB has been met with a sharp reversal. Specifically, each successive pullback has extended deeper than the previous one.
This pattern highlights a strengthening bearish trend and underscores the fragility of SHIB’s price action.
This weakness is also visible across key technical indicators. The Money Flow Index (MFI) now sits in oversold territory, signaling sustained capital outflows and diminishing buying pressure.
While oversold conditions can occasionally trigger short-term relief bounces, the broader structure suggests sellers remain in control unless volume-driven demand returns to shift SHIB’s price momentum.
Meanwhile, the Bull Bear Power (BBP) indicator has printed multiple red histogram bars in negative territory, confirming that bearish pressure continues to outweigh bullish attempts.
This persistent imbalance shows that sellers dominate price action, reducing the likelihood of a meaningful near-term recovery.
Until the Bull Bear Power (BBP) begins to flatten or turn positive alongside rising volume, SHIB’s price is likely to remain under sustained downside pressure.
The Fibonacci retracement levels add further clarity to this outlook. SHIB’s price action shows SHIB hovering near the lower retracement zones, drifting toward the zero Fib level at $0.0000068, and remaining far from the $0.000010 target.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
