Shiba Inu (SHIB): Is the Bottom Near Amid Bearish Pressure and Oversold Conditions?

Shiba Inu (SHIB), the meme coin that once captured the imagination of retail investors, now finds itself at a critical juncture. As of late November 2025, SHIB trades around $0.00000857, having rebounded from a weekly downtrend but still grappling with bearish macroeconomic headwinds and technical resistance. This article synthesizes technical and macroeconomic analyses to evaluate whether SHIB is nearing a potential reversal or facing a deeper correction.

Technical Analysis: A Fragile Rebound

SHIB's price action reveals a tug-of-war between exhausted sellers and hesitant buyers. On the weekly chart, the token remains below key Fibonacci retracement levels drawn from its last major upswing, hovering in the lower extension zone between $0.000007 and $0.000010. The 1.0 Fibonacci extension level (~$0.000008) and prior swing lows (~$0.00000758) now act as pivotal support and resistance. A weekly close above the 1.0 Fib level could signal a reversal, while a breakdown below $0.0000064 would likely reignite bearish momentum according to technical analysis.

The Stochastic RSI, a momentum oscillator, shows signs of exhaustion, with readings near 7 and 4, indicating waning bullish conviction according to technical indicators. Meanwhile, the RSI has dipped to 34.48, entering oversold territory-a condition often preceding short-term rebounds according to technical analysis. However, SHIB's inability to reclaim its 30-day and 200-day moving averages underscores long-term weakness according to technical indicators.

Liquidation data adds nuance to this narrative. Over the past 24 hours, $120.5K in long positions were liquidated, suggesting that leveraged traders are exiting, potentially stabilizing the price in the near term. Yet, this also highlights the fragility of SHIB's current consolidation phase.

Macroeconomic Headwinds: Inflation and Risk Appetite

The broader macroeconomic environment remains a significant drag on SHIB's prospects. U.S. inflation, projected to hit 3.1% year-over-year in November 2025, has shifted investor sentiment toward safer assets, leaving speculative tokens like SHIB vulnerable according to macroeconomic analysis. Tariff-driven supply chain disruptions and persistent global inflationary pressures have further eroded liquidity for altcoins, exacerbating SHIB's bearish trajectory according to macroeconomic analysis.

While SHIB's Shibarium ecosystem has achieved 1.5 billion transactions-a testament to its growing utility-the token's long-term value proposition remains unproven. Analysts caution that meaningful price recovery hinges on inflation cooling by mid-2026, which could rekindle risk appetite for altcoins according to macroeconomic forecasts. Until then, SHIB's weak on-chain fundamentals and lack of significant token burns leave it exposed to volatility according to technical and macroeconomic analysis.

From a macroeconomic standpoint, SHIB's path to recovery is contingent on external factors beyond its immediate technical setup. A sustained rebound would require not only a reversal in inflationary trends but also renewed confidence in altcoins-a scenario that remains speculative in the near term according to macroeconomic forecasts.

Is the Bottom Near? A Balancing Act

The technical indicators present a mixed picture. On one hand, the oversold RSI and potential double-bottom pattern at $0.00000758 suggest buyers may step in to stabilize the price according to technical analysis. On the other, the token's failure to break above key resistance levels (e.g., the 7-day SMA at $0.00000822 and 23.6% Fib at $0.00000902) indicates that sellers retain control according to technical analysis.

For investors, the key takeaway is to remain cautious. SHIB's future hinges on a delicate interplay between technical resilience and macroeconomic shifts. Until both align, the token remains a high-risk, high-volatility proposition.