Shiba Inu's price outlook remains bearish as the cryptocurrency struggles to maintain its position above the critical $0.00000700 support level. Currently trading near $0.00000720, the token is under pressure with sellers maintaining control. Technical indicators show fading momentum, with the price consolidating above $0.00000710 on the 1-hour chart, while the RSI stands at 52 and the MACD remains flat. A close below $0.00000695 could potentially trigger further selling pressure. The token's performance in December has historically been weak, and low trading volumes continue to reflect a lack of buyer interest. As the year-end approaches, Shiba Inu's price remains vulnerable to further declines if the current support fails to hold.