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SHIB’s Bullish Breakout Falters Amid Market Headwinds

SHIB’s Bullish Breakout Falters Amid Market Headwinds

Author:
SHIB News
Published:
2025-12-24 10:13:27
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Shiba Inu (SHIB), the prominent meme cryptocurrency, experienced a sharp reversal of its recent bullish momentum as broader market weakness overpowered a promising technical setup. On Friday, December 24th, 2025, SHIB surged approximately 6% intraday from a key support level around $0.0000070, sparking initial Optimism among traders. This rally was interpreted by some as a potential breakout from a consolidation pattern, reigniting discussions about the token's near-term trajectory. However, the upward move proved unsustainable, and the price quickly retreated, highlighting the persistent vulnerability of even highly viral assets to overarching macroeconomic and sector-wide pressures. The failed breakout attempt serves as a critical case study in the current market environment, where isolated technical strength is often insufficient to counter prevailing negative sentiment. For SHIB specifically, this episode underscores the challenge of maintaining independent momentum. The asset's performance remains tightly coupled with the fortunes of major cryptocurrencies like Bitcoin and Ethereum, as well as with general risk appetite in digital asset markets. The inability to hold gains despite a favorable technical signal from the $0.0000070 support zone suggests that buyer conviction is currently fragile. This development is likely to shift trader focus back to higher-timeframe market structure and broader catalysts, rather than short-term chart patterns alone. For the SHIB community and investors, the immediate outlook now hinges on whether the $0.0000070 level can solidify as a durable base for another advance, or if further tests of lower support are imminent amid the continuing market-wide corrective phase.

Shiba Inu's Bullish Momentum Stalls Amid Broad Market Weakness

Shiba Inu (SHIB), the meme-inspired cryptocurrency, saw its recent rally abruptly halted as broader market pressures overwhelmed a technical bullish signal. The asset had surged 6% intraday on Friday from support levels NEAR $0.0000070, briefly reigniting trader enthusiasm.

The failed breakout underscores how even viral tokens remain vulnerable to macroeconomic forces. SHIB's inability to sustain momentum despite favorable chart patterns reflects the current risk-off sentiment permeating digital asset markets. Market makers appear reluctant to commit capital to speculative positions amid ongoing regulatory uncertainty and institutional caution.

Binance Traders Hold Net Long Position on Shiba Inu Despite Market Dip

Professional traders on Binance are maintaining a cautiously optimistic stance toward shiba inu (SHIB), with 52.01% of top-trader accounts holding net long positions against 47.99% short. This slight majority suggests measured confidence in the meme coin’s rebound potential after recent volatility.

The data underscores a divergence between retail sentiment and institutional positioning, as SHIB continues to attract speculative interest despite its high-risk profile. Market makers appear to be hedging rather than outright shorting—a nuance often lost in retail trading circles.

Shiba Inu Price Analysis for Dec 24: Can SHIB Find a Floor and Reverse?

Shiba Inu faces mounting bearish pressure as its price searches for stability ahead of the Christmas holiday. The meme coin's momentum continues to wane, reflecting broader market indecision among traders.

SHIB's struggle to establish a clear support level highlights the ongoing volatility in the altcoin market. With no decisive catalysts emerging, the token remains at the mercy of broader sentiment shifts in the cryptocurrency space.

Shiba Inu Records First Weekly Death Cross in 2025 as Investors Eye 2026 Catalysts

Shiba Inu (SHIB) has marked its first weekly death cross of 2025, a technical pattern that often signals bearish momentum. The meme cryptocurrency's struggles reflect broader challenges in digital asset markets this year, with investors now looking ahead to potential price catalysts in 2026.

Market participants are closely monitoring SHIB's network developments and ecosystem growth, which could drive its next price cycle. The death cross formation—when a 50-week moving average falls below the 200-week moving average—has historically preceded extended downturns in various assets.

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