Shiba Inu has shown new bearish signals, but this is precisely when the meme coin is desperately needing a price uptrend to eventually bottom out and rebound.
On December 2, Shiba Inu coin issued a bearish signal, and recent price analysis confirmed this. Specifically, a death cross appeared on the 4-hour chart, with the 50-period Simple Moving Average (SMA) crossing above the 23-period SMA, indicating that the trend of this coin is once again bearish.
More corrections about Shiba Inu?
For most of this year, Shiba Inu stocks have been in a downward trend. Notably, since the beginning of the year, its stock price has dropped by 58%, down 73.6% from the peak of $0.00003343 in December 2024.
Despite rebounding 5.3% since December 1, SHIB has seen four consecutive months of declining monthly lines, and six declining monthly lines over the past seven months, further solidifying its strong downtrend.
The recent death cross has further intensified concerns about the recent price trends of this asset. The token has fallen 7% from its high of $0.00000952 on December 3, with the current market price at $0.00000881. According to the signs of the death cross, the price may decline further.
How low can SHIB's bottom go?
It is worth noting that if the bear market trend continues, the price of Shiba Inu may decline further. How low could it go? Recent analysis shows that it may retest the support level of $0.00000680. This price level aligns with the low on October 10 at Binance, falling 22.8% from the current market price.
MMBTrader's perspective also supports this target. He emphasized that the support level of $0.0000060 is a key weekly support level for Shiba Inu, asserting that if this support holds, the stock will rebound 1188% from the low to $0.0000773.
However, whether it can fall back to this support level depends on the overall market trend. If Bitcoin regains upward momentum and rises significantly, SHIB may also rise accordingly.
When will the Shiba Inu rebound?
According to the forecasting company CoinCodex, the downtrend of Shiba Inu will not extend beyond this year. The platform predicts that by January 3, 2026, the trading price of Shiba Inu will be $0.00001029, an increase of 16.8% within a month.
CoinCodex expects this recovery process to be gradual, setting a year-end target price of $0.000009992, with next year's price dropping a zero. Meanwhile, data from Changelly holds a similar view, predicting that by January 2026, the average price will reach $0.0000101.
