Downtrend Holds As Buyers Struggle To Reclaim Control
The post Downtrend Holds As Buyers Struggle To Reclaim Control appeared on BitcoinEthereumNews.com.
SHIB remains trapped in a descending channel, with sellers defending trend resistance. Support near $0.00000700 is holding, but bounces lack momentum and follow-through. Spot outflows and muted positioning continue to cap upside despite burn headlines. Shiba Inu price today trades near $0.00000716 as sellers continue to dictate structure heading into December 28. Price remains trapped inside a descending channel, with repeated failures near trend resistance keeping upside attempts contained. December has extended the broader bearish picture. SHIB opened the month at $0.000008385 and is down 14.15%, while year-to-date losses sit near 65%. Seasonal weakness has added pressure, with December now shaping up to be the fourth negative close in the past five years. Descending Channel Defines The Market SHIB Price Action (Source: TradingView) The daily chart remains the clearest signal. SHIB has respected a downward-sloping channel since early October, producing lower highs and shallow relief bounces. Each rally into the upper boundary has been met with renewed selling, reinforcing the trend rather than challenging it. Price currently sits near the lower half of the channel, where previous bounces have formed but failed to sustain. The Supertrend remains red near $0.00000818, confirming that trend control has not shifted. Parabolic SAR dots continue to print above price, showing sellers remain positioned for continuation rather than exhaustion. This is not a breakdown phase, but it is not accumulation either. The structure reflects controlled downside rather than capitulation. Support Holds But Momentum Remains Fragile SHIB continues to defend the $0.00000700 to $0.00000710 zone, an area that has repeatedly absorbed sell pressure throughout the second half of December. That level aligns with the lower channel boundary and recent liquidity sweeps, making it the most important short-term support. So far, buyers have managed to prevent a clean breakdown. However, each bounce from support has been shallow…
Filed under: News - @ December 27, 2025 3:27 pm