Shiba Inu Caught in Holiday Profit-Taking Spiral

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Shiba Inu is experiencing its familiar December struggle. After an impressive Q4 surge that pushed SHIB to a monthly peak of $0.00003344, the token has given back roughly 21% of those gains. The pattern isn’t new—Shiba Inu traders have seen this movie before, with December 2021 delivering a brutal -30% collapse and 2022 following suit with a -13.69% slide. The exception? 2023 bucked the trend with a surprising 24.73% December rally, offering hope that history doesn’t always repeat.

At press time, Shiba Inu has stabilized somewhat, rising 0.66% over the past 24 hours to trade around $0.000007174. However, the Christmas holiday lull has kept trading volume light, leaving the token vulnerable to wild swings once liquidity returns.

The real question facing SHIB holders: what’s next? Two scenarios are playing out in traders’ minds. The bullish case hinges on a potential ‘Santa Rally’ that could carry SHIB through the $0.00000765 resistance level, reigniting momentum into year-end. The bearish counterargument is equally plausible—if buying interest dries up, the token could tumble back to the $0.000007 support level, erasing the recent modest gains.

For now, Shiba Inu remains in limbo, caught between profit-takers who want to lock in Q4’s wins and optimists betting on holiday-season surprises. Traders are watching closely for the catalyst that breaks this stalemate.

SHIB1,58%
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