Downtrend Holds As Buyers Struggle To Defend Year End Support
The post Downtrend Holds As Buyers Struggle To Defend Year End Support appeared on BitcoinEthereumNews.com.
SHIB remains trapped inside a descending channel with EMAs capping every rebound. Buyers struggle to defend the $0.00000700 support as momentum fades into year end. Thin volume and weak participation limit any late-December recovery attempt. Shiba Inu price today trades near $0.00000720 as sellers continue to control the tape heading into the final days of December. Price remains pinned below declining trend resistance while buyers attempt to stabilize above a fragile support base. The tension is clear. SHIB is running out of time to reverse a deeply negative monthly close. Sellers Maintain Control As Downtrend Persists SHIB Price Action (Source: TradingView) On the daily chart, SHIB remains locked inside a well-defined descending channel that has capped every recovery attempt since August. Lower highs continue to print beneath the falling trendline, reinforcing the broader bearish structure. Price trades below the 20, 50, 100, and 200-day EMAs. The 20-day EMA near $0.00000765 and the 50-day EMA around $0.00000840 now form the first layer of overhead resistance. These levels have repeatedly rejected rebounds throughout December. The Supertrend indicator remains flipped bearish, tracking near $0.00000825. Until price can reclaim that level, sellers retain structural control. The market has shown no evidence of trend exhaustion on the higher timeframe. Key Support Under Pressure Near $0.00000700 The $0.00000700 zone is now the most important level on the chart. It has acted as a short-term demand shelf through November and December, absorbing repeated tests. However, each bounce has grown weaker. Daily candles continue to close near the lows, a sign that buyers are defending support but failing to generate follow-through. A clean daily close below $0.00000695 would expose the next downside pocket near $0.00000650, followed by the broader demand zone around $0.00000600. From a structural perspective, SHIB has not formed a higher low since September. That keeps…
Filed under: News - @ December 26, 2025 2:16 pm