• Shiba Inu death cross forms on 4-hour timeframe with bearish SMA crossover signal
  • SHIB down 58% year-to-date and 73.6% from December 2024 high of $0.00003343
  • Analysts project retest of $0.00000680 support before potential recovery begins

Shiba Inu flashed a bearish signal on December 2 as a death cross formed on the 4-hour timeframe. The 50-period simple moving average crossed above the 23-period SMA, creating another bearish indicator for the meme coin.

SHIB has remained in bearish territory for most of 2025. The token dropped 58% since the start of the year and fell 73.6% from its December 2024 high of $0.00003343. Despite a 5.3% bounce since December 1, the token recorded four consecutive red monthly candlesticks.

Price Retraces 7% From Recent High

The recent death cross adds to skepticism surrounding the near-term price trend. SHIB has already retraced 7% from its December 3 high of $0.00000952 to the current market price of $0.00000842. The bearish cross indicates the token could decline further in coming sessions.

Six of the last seven months closed with bearish candles, reinforcing the downward price momentum. If bearish trends continue, Shiba Inu could drop to the support level at $0.00000680. This level aligns with the October 10 low on Binance, representing a 22.8% decline from current levels.

Analyst MMBTrader identified $0.0000060 as crucial weekly support for Shiba Inu. The analyst stated the token will rebound by 1,188% from this low to $0.0000773 if the support holds. However, reaching this support depends on the broader cryptocurrency market trend. If Bitcoin regains bullish momentum and surges higher, SHIB will likely follow the same trajectory.

Prediction firm CoinCodex forecasts that Shiba Inu’s downtrend will not extend beyond this year. The platform predicted SHIB will trade at $0.00001029 by January 3, 2026. This would mark a 16.8% gain over one month from current price levels.

CoinCodex expects recovery to be gradual, setting a year-end target of $0.000009992 before the token removes one zero from its price next year. Changelly data shares a similar outlook, predicting an average price of $0.0000101 by January 2026.