SHIB Slides Inside Channel As Every Bounce Gets Sold

• SHIB remains locked in a descending channel, trading below all major EMAs with the 200-day EMA far overhead.
• Short-term bounces continue to fade quickly as RSI stays weak and spot outflows persist near $600,000.
• A burn rate surge and upcoming Coinbase futures launch have failed to shift momentum as sellers retain control.

Shiba Inu price today trades near $0.00000823 after extending its decline inside a well-defined descending channel. The move keeps sellers in control as price struggles to hold near-term support while spot outflows and weak momentum continue to weigh on sentiment.

Descending Channel Defines The Trend

On the daily chart, SHIB remains locked inside a downward-sloping channel that has guided price lower since early October. Each rebound attempt over the past two months has failed beneath the upper boundary, confirming persistent selling pressure.

Price is trading below the 20, 50, 100, and 200-day EMAs. This stacked EMA structure reinforces the bearish bias and limits the scope for sustained upside. The 200-day EMA near $0.0000114 remains far overhead, underscoring how far price would need to travel to signal a broader trend shift.

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The lower channel boundary currently aligns near $0.0000078 to $0.0000076. That zone represents the next critical support if selling resumes. A loss of this area would expose the psychological $0.0000070 level, where buyers may attempt a defensive response.

Short Term Charts Show Fading Recovery Attempts

On the 30-minute chart, SHIB attempted a minor recovery within a short-term rising channel, but that structure has already begun to fail. Price is now slipping back toward the lower edge of the intraday range.

RSI on the lower timeframe sits in the mid-30s, reflecting weak demand rather than capitulation. Momentum has failed to reset higher, and each bounce has attracted sellers quickly. This behavior signals that buyers are trading defensively rather than building positions.

MACD remains flat to negative, with no meaningful bullish crossover. The absence of momentum confirmation suggests the recent stabilization is a pause rather than a reversal.

Spot flow data adds to the bearish picture. Recent sessions show consistent net outflows, with the latest daily reading near negative $600,000. This pattern indicates that SHIB continues to move onto exchanges rather than into long-term storage.

Burn Surge Fails To Shift Price

Shiba Inu’s burn rate jumped more than 1,500% over the past day, with over 1.1 million tokens removed from circulation. While the increase is notable compared to recent activity, the absolute volume remains small relative to total supply.

The lack of immediate price reaction suggests that traders are discounting short-term burn data in favor of broader market conditions. With risk appetite still weak across the crypto market, symbolic supply reductions have not translated into demand.

Burn activity may support long-term narratives, but current price action shows that it is not a near-term catalyst.

Market Awaits Coinbase Futures Launch

Attention now turns to upcoming developments. Coinbase is set to launch U.S. perpetual-style futures for select altcoins, including SHIB, on December 15. The exchange has also teased a system update on December 17, which the community is watching closely.

These events could increase activity and volatility, but they do not automatically reverse trend direction. In the current environment, catalysts tend to amplify existing momentum rather than change it.

Outlook. Will Shiba Inu Go Up?

The structure remains bearish while SHIB trades inside the descending channel.

• Bullish case: SHIB reclaims $0.0000086 and closes above the channel midpoint with improving volume. That would open the door for a test of $0.0000095 and signal a shift in short-term momentum.
• Bearish case: A daily close below $0.0000078 confirms continuation lower and exposes $0.0000070 as the next demand zone.

Holding $0.0000080 keeps consolidation intact. Losing it extends the downtrend into year-end.