The post Sellers Defend Channel Top as Weak Flows Limit Recovery appeared on BitcoinEthereumNews.com.

Shiba Inu rebounds 5 percent but remains capped inside a long-term descending channel with major resistance overhead. Short-term breakout above Supertrend shows improving momentum, but confirmation requires a move past $0.00000988. Spot flows remain weak with only $351K in inflows, signaling limited accumulation despite the price recovery. Shiba Inu price today trades near $0.00000888 after a 5 percent intraday recovery that lifted price toward the midline of a long running descending channel. The move gives buyers short term momentum, but the broader structure remains bearish as overhead resistance and weak spot flows limit conviction. Downtrend Channel Continues To Cap Upside Attempts SHIB Price Action (Source: TradingView) The daily chart shows SHIB moving within a clean channel that has governed price since Q2. Price remains beneath the upper boundary and trades below the 20, 50, 100, and 200 day EMAs. The cluster between $0.00000941 and $0.00001175 forms a resistance ceiling that must be reclaimed to challenge the channel structure. Related: Cardano Price Prediction: ADA Attempts Recovery but Faces Heavy Resistance Ahead The mid channel resistance sits near $0.00000988, where price stalled repeatedly during September and October. Unless this level is cleared, the latest bounce remains a reaction inside a broader downtrend. Support is firm at the lower boundary of the channel, currently near $0.00000650. That zone has been defended multiple times and remains the key level separating controlled decline from accelerated downside. RSI has recovered toward 50 but lacks momentum. The reading reflects stabilization rather than a trend reversal. Short Term Chart Shows Early Recovery But Confirmation Lacking SHIB Price Dynamics (Source: TradingView) On the 4 hour chart, SHIB has broken above short term Supertrend resistance near $0.00000826. Parabolic SAR dots have flipped below price, signaling a shift in short term momentum. The breakout has been clean but not forceful enough…

---

Filed under: News - @ December 3, 2025 6:27 pm