Shiba Inu Triggers Second Death Cross, Signals Bearish Trend
Shiba Inu death cross reemerged as its 50-day moving average crossed below the 200-day MA on the daily chart. This marks the second 2025 death cross after February’s signal, which preceded a slide to $0.00001 by June. A brief golden cross in August failed to sustain bullish momentum amid macroeconomic uncertainty and seasonal September weakness.
SHIB is consolidating around $0.000012 with key resistance at $0.000014 and $0.000016, and critical support near $0.00001. Traders will monitor daily closes and trading volume around the death cross level at the 200-day MA to gauge trend shifts. A decisive break above the moving averages could trigger a rebound, while a sustained break below support may signal further bearish pressure on Shiba Inu.
Bearish
The reappearance of the Shiba Inu death cross indicates renewed bearish momentum, suggesting increased downside risk. Historically, the February death cross preceded a prolonged slide to $0.00001, while the brief golden cross in August failed to sustain a rally. In the short term, traders may see heightened selling pressure if SHIB fails to reclaim the 200-day MA, driving prices lower toward support at $0.00001. Over the longer term, a sustained break above key moving averages would be needed to reverse this bearish outlook, but until then market sentiment is likely to remain cautious.