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Massive Death Cross Looming Over Shiba Inu (SHIB): Whats Next?

Massive Death Cross Looming Over Shiba Inu (SHIB): Whats Next? WikiBit 2025-06-29 21:39

Shiba Inu (SHIB) witnesses a rare bearish technical pattern forming on the weekly chart, and it's something that has never been seen before. At least on

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Massive Death Cross Looming Over Shiba Inu (SHIB): Whats Next?

Shiba Inu (SHIB) witnesses a rare bearish technical pattern forming on the weekly chart, and it‘s something that has never been seen before. At least on Binance’s chart for the popular meme coin — a looming death cross between the 50-day and 200-day moving averages.

The last time SHIB even came close to this setup was back in its early consolidation phases — but this time, its happening after a full cycle top and a slow bleed through 2025.

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Currently, the 50-day curve is sloping down and is on track to cross below the 200-day one, a classic death cross formation traditionally associated with long-term decline.

While crosses are more commonly discussed on daily charts, seeing it line up on the weekly is a much heavier signal, especially for a token like SHIB, which has mostly been driven by hype, sentiment and momentum.

On the price side, SHIB is struggling to hold the key support zone around the $0.00001. It bounced slightly this week, printing a green candle near $0.00001162, but the overall structure is still heavy.

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What‘s more telling is how SHIB hasn’t managed to even test the moving average cluster above: Both the 50 and 200 MAs sit far out of reach, acting as a strong resistance block now.

This possible death cross would mark a new phase in SHIB‘s market history. It has never had this kind of technical setup before, and for many traders, that’s a signal to take caution — or at least watch how price reacts if and when the cross confirms.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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