Dog coin Shiba Inu faces familiar fate in December, with markets now watching out for last minute moves.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only.
U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.is down 14.53% so far this December; this trend is not unfamiliar, as Shiba Inu has often marked red Decembers since its inception in 2020.The massive bull run in 2021, which yielded millions of percent in gains, could not avert this bearish trend, as Shiba Inu crashed nearly 30% in December of that year. This repeated in December of the year 2022, when Shiba Inu fell 13.69%. Shiba Inu rose 24.73% in December 2023, invalidating the bearish trend. Morning Crypto Report: Bitcoin Briefly Hits Abnormal $24,111 on Binance, -26% for XRP: New Death Cross Price Prediction, Cardano Has Bullish Chance for JanuaryCrypto Market Prediction: Will Ethereum's Christmas Be Bullish? Bitcoin Hides Its Real Power, Did XRP Just End 160-Day Bloodbath?Bulls attempted to sustain this positive trend in December of the year that followed. After a massive Q4 increase in 2024, Shiba Inu saw profit-taking in December, falling 20.98% after reaching a high of $0.00003344 in the month.At press time, Shiba Inu was up 0.66% in the last 24 hours to $0.000007174 as the crypto market saw mixed trading on. Volumes were light during the Christmas holiday, with Shiba Inu volume dropping 10.29% to $77.93 million. The pattern fits what tends to happen around major holidays, where trading volumes drop sharply, and positioning becomes more defensive. Trading activity remains low as the market struggles to regain its footing after the October crash, with retail speculation dropping.A"Santa Claus Rally," which would allow prices to rise in the last five trading days of the year and the first two of the new one might be the only saving grace presented to Shiba Inu in order not to close December in losses.Support is expected around $0.000007 range in case bulls' attempt at recreating a Santa rally fails. In the short term, crypto traders continue to watch out for signals as to where the market might head next. With just six days remaining to the close of 2025, expectations still remain for last-minute market moves.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu (SHIB) Hits Bottom, Is 400% Reversal Still Possible?Shiba Inu is not rallying anytime soon, but at least it resembles something we experienced almost two years ago.
Read more »
1,983% SHIB Burn Spike Sends Shiba Inu Supply Lower: What to Watch Now?Shiba Inu is being closely watched as its supply goes lower and price tests crucial support in preholiday trading.
Read more »
Shiba Inu (SHIB) Prints Rare $0 in Bull Liquidations: Is Worst Over?Shiba Inu (SHIB) bulls finally obtained rare hope on Christmas Eve, with $0 long liquidations in the past hour, while shorts were the only ones who paid.
Read more »
11 Trillion SHIB in Green as Key Metric Defies Negative TrendShiba Inu has flipped Bitcoin and XRP in futures activity, as its open interest volume shows an impressive 3.42% surge, while other major cryptocurrencies stayed in the red.
Read more »
118,611,500,000 SHIB in 24 Hours: Shiba Inu Bullish on ChristmasShiba Inu on-chain movement suggests more traders are buying rather than selling as demand for the leading meme asset continues to grow.
Read more »
Shiba Inu Rockets 505% in Burn Rate on Christmas: SHIB Price Reaction UnveiledShiba Inu's burn rate jumped 505% on Christmas, but SHIB price stayed muted as meme coin holders were left guessing whether the spike was real or just a holiday anomaly hitting the counter.
Read more »