Shiba Inu Price Prediction for Dec 22: Key Support and Resistance Levels as Long Positions Take a Hit

Long positions are bleeding out. Shiba Inu traders are scrambling as the meme coin faces a brutal test of its market structure—today's price action isn't for the faint of heart.

The Battle Lines Are Drawn

Forget the hype. The chart tells the real story. SHIB is currently caught between two critical price zones that will dictate its next major move. On the downside, a key support level must hold to prevent a cascade of liquidations. On the upside, a formidable resistance wall stands in the way of any meaningful recovery. It's a classic squeeze play, and the bulls are on the ropes.

When Support Becomes a Trap Door

The so-called 'support' level isn't a safety net—it's a liquidity pool for bears. If it breaks, the slide could accelerate, turning hopeful holds into panic sells. Every trader watching that line knows it; holding there requires nerves of steel and a disregard for recent portfolio statements.

The Path to Recovery (If It Exists)

Breaking above resistance won't be a victory lap—it'll be a grueling climb over a wall of sell orders. Any upward move will be met with immediate profit-taking from those lucky enough to have bought lower, proving once again that in crypto, your biggest opponent is often the person who got in before you.

The clock is ticking for SHIB bulls. Today's close will signal whether this is a healthy pullback or the start of something uglier. In a market that rewards memes as much as metrics, sometimes the strongest support is just collective delusion—and that can evaporate faster than a trader's profit on leverage.

Shiba Inu faces bearish momentum with long positions mostly liquidated, and testing key support and resistance. shiba inu (SHIB) has been facing some downward pressure, with a 1.7% decrease in the last 24 hours, trading at $0.000007251.

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