Shiba Inu’s “Death Cross”: Is This the End or Just Another Wobble?

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Ah, Shiba Inu-just when you thought it was all sunshine and memes, it flashes something that sends traders into a tizzy: the infamous “death cross” on the lower timeframes. As expected, the chart has split the masses into two camps-those who think the end is nigh and those who, bless their hearts, still believe in the magic of Shiba. We can’t help but wonder if anyone’s just here for the ride and a good laugh.

Currently, SHIB is frolicking around just below $0.0000060, having slipped under a slew of short-term moving averages like a cat who’s decided it’s far too warm on the windowsill and might as well find a new spot to nap. On February 23, the 200-period simple moving average waltzed above the 50-period moving average on the 2-hour chart, triggering a wave of panic among the faithful.

For those of you who like to dance with the technicals, this crossover is about as comforting as a soggy biscuit. It’s a classic bearish signal, suggesting that the recent price momentum has been about as lively as a limp lettuce leaf, with longer-term averages slowly but surely overtaking the shorter ones.

But before you start weeping into your crypto wallet, let’s get something straight: death crosses don’t just waltz in out of nowhere. Oh no, they typically show up after the damage has already been done. It’s like hearing the last bell of the day, only to realize your lunch break has been over for hours.

Why the Signal Matters (Spoiler: It’s Not All Doom and Gloom… Yet)

Just to keep you on the edge of your seat, SHIB had already done a little crossover jig on the 1-hour chart days before. The latest signal on the 2-hour timeframe is merely a dramatic confirmation that short-term structure has been leaning bearish for a while. Price has been making lower highs, and each bounce has been about as energetic as a sloth on a lazy afternoon.

The level you’ll want to keep an eye on, if you don’t mind a little suspense, is $0.0000060. This zone used to be the scene of some mild enthusiasm, drawing in buyers like a half-off sale at a department store. But alas, the excitement fizzled quicker than a flat soda. There hasn’t been any strong follow-through, which makes the situation more dramatic than a soap opera cliffhanger.

Should this support break with the force of a bad pun, the next support levels to keep an eye on are $0.0000057 and $0.0000050. The latter is especially notable, as it has seen some action in the past. But remember, each time a support level gets tested, it weakens a little more-like that one friend who promises they’ll be on time, but you know better.

If you’re feeling optimistic (or just thoroughly bored), the upside resistance sits near $0.0000066, with even heavier resistance around $0.0000072 and $0.0000078. For any real recovery to take shape, SHIB would need to reclaim those zones and climb back above its short-term moving averages. Otherwise, expect rallies to be nothing more than brief, disappointing relief bounces.

It’s also worth noting that death crosses are like the ghost of Christmas past-they only confirm what has already happened. They do not, I repeat, do not guarantee that a fresh crash is around the corner. In fact, they have a nasty habit of appearing just before a short squeeze or bounce, especially when the market is already stretched to the downside. It’s like the universe throwing a curveball, just when you least expect it.

At this juncture, SHIB finds itself at a technical crossroads, standing at the intersection of “What Now?” and “Could This Be It?” The chart looks fragile, but the $0.0000060 level is still hanging on, like a stubborn partygoer refusing to leave the dance floor. Whether it holds or breaks will likely decide if the next meaningful move is a dramatic plunge or a triumphant bounce.

FAQs

Will SHIB recover after the recent death cross?

Well, recovery depends on whether SHIB can reclaim $0.0000066 and hold support like a pro. Without that, you might as well call rallies what they really are-short-term relief bounces, and let’s face it, nobody’s in this for the short-lived thrill.

Could SHIB drop to $0.0000050 next?

Oh, absolutely. If $0.0000060 fails to hold, downside momentum could stretch all the way to $0.0000050. It’s like the dominoes are lined up, and all it takes is a little nudge.

Is SHIB bullish or bearish right now?

Let’s put it this way: the short-term structure leans about as bearish as your aunt’s opinion on crypto. With lower highs and the ominous death cross lurking in the background, the outlook isn’t exactly rosy. But that $0.0000060 support remains critical, like the last slice of pizza at a party.

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2026-02-25 09:37