Shiba Inu keeps drifting lower. The SHIB price is trading around $0.000007308, with another 8% decline in the last day, but still without any indication that buyers are flooding in. The pressure has been building for days, not minutes, and each bounce keeps getting sold.
The price action remained range-bound throughout the day, oscillating from around $0.000007225 to $0.000008011. In fact, that alone tells the full story. The market is stuck, watching, and waiting to see which side finally gives.
That range shows hesitation rather than strength. Neither side is pushing hard, which usually happens when the market is waiting to see what breaks first.
Liquidity has not dried up. With a market cap around $4.4 billion and daily volume near $130 million, SHIB remains actively traded, even as confidence fades.
Shiba Inu exhibits bearish pressure, marked by a decline in price, as it faces key support levels and a significant liquidation of long positions.
— TheCryptoBasic (@thecryptobasic) December 18, 2025
Shiba Inu has seen a notable decline in recent hours, with the price dropping to $0.000007523, a 3.0% decrease over the past 24…
Here’s What The Shiba Inu Price Is Showing
Zooming out, the picture does not improve much. SHIB is down more than 9% on the week and close to 15% over the last two weeks. That kind of steady grind lower usually means sellers are in control, even if they are not acting aggressively.
There is no panic here, but there is also no urgency from buyers. Each bounce has been shallow, and each pullback has pushed price a bit lower than before.
The SHIB price is now sitting at a level that matters. Price has dropped to the Fibonacci 1.0 zone, an area that often decides whether a market pauses or continues lower. Holding here could slow things down. A loss of it might invite a fresh spell of selling.
If support gives way, the next area traders are watching sits around $0.00000635. That level lines up with the 1.618 Fibonacci extension. A move toward it would signal that sellers remain firmly in control and the downtrend is not finished yet.
On the upside, any bounce will run into trouble near $0.00000797. That level has already stopped price multiple times. A break above it would be the first sign that the selling pressure is easing. Beyond that, $0.00000830 is the next level traders would focus on.
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Moreover momentum indicators are stretched but not flashing a clear turning point. floating in the neighborhood of 34; this means SHIB is approaching an oversold region.”
This can create short-term trading patterns, but it doesn’t necessarily imply a reversal is imminent. In weak markets, oversold conditions can stick around longer than expected. Without stronger buying volume, RSI alone does not change the story.
In addition, liquidation data shows who has been caught on the wrong side. Over the past day, around $181,000 worth of positions were wiped out, and most of that came from longs.
Short liquidations were minimal, which tells us bearish positions remain comfortable. This kind of imbalance usually supports further downside unless something forces shorts to cover.
On shorter time frames, liquidations have been smaller, pointing to controlled selling rather than chaos.
What Comes Next for SHIB
Right now, the SHIB price is boxed in. Support below and resistance above are clearly defined, and price is drifting between them.
If buyers manage to defend current levels, SHIB could move sideways while the market waits for direction. If support breaks, another leg down becomes likely. A move back above resistance would be the first real sign that the pressure is easing.
Until one of those levels gives way, SHIB remains on the defensive, and traders are watching closely to see who blinks first.
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