Sellers Lose Grip As SHIB Holds Support
The post Sellers Lose Grip As SHIB Holds Support appeared on BitcoinEthereumNews.com.
SHIB trades near $0.00000885 as spot outflows shrink and buyers defend the $0.00000820–$0.00000850 support band. A rising channel on the 1 hour chart shows higher lows as intraday momentum stabilizes above the Supertrend. Downtrend remains intact with major EMAs acting as resistance, but a breakout above $0.00000900 could shift sentiment. Shiba Inu price today trades near $0.00000885 after defending short term support and holding inside a rising channel that has guided the rebound since November 23. The move stabilizes sentiment after weeks of steady selling and positions SHIB for a possible test of higher resistance levels if buyers maintain control. Spot outflows remain negative but have slowed sharply, reducing immediate pressure on the trend. Downtrend Intact On Higher Timeframes As SHIB Tests Long Term Resistance SHIB price dynamics (Source: TradingView) The daily chart continues to show a clear downtrend. SHIB has traded below its descending red trendline since March, and each rally toward that line has resulted in rejection. The upper boundary of the trendline now sits near $0.00001192 and remains the key structural barrier. All major EMAs also lean bearish. The 20 day EMA is positioned at $0.00000877, the 50 day EMA at $0.00000961, the 100 day EMA at $0.00001061, and the 200 day EMA at $0.00001192. This full EMA cluster creates a multi-layer ceiling that SHIB must break to reverse the broader pattern. The Parabolic SAR reinforces the bearish view, with SAR dots still positioned above price on the daily timeframe. Related: XRP Price Prediction: Market Tightens as XRP Approaches Key Breakout Zone Despite this, the latest bounce from multi-month lows shows that buyers are stepping in near the $0.00000820 to $0.00000850 support zone. This area has attracted demand multiple times since September and remains the strongest short term base for SHIB. Spot Outflows Slow As Selling Pressure…
Filed under: News - @ November 28, 2025 6:21 pm