Shiba Inu (SHIB) has completed a death cross on its daily chart for the first time in 14 months, with the 50-day moving average crossing below the 200-day moving average. The previous death cross signal occurred in September 2025.
The bearish technical signal coincides with a sharp sell-off. SHIB fell to a low of $0.0000037 on Saturday, marking four consecutive days of declines since November 11. The meme coin remains down 6.87% over the last 24 hours and down 14% over the week, trading below $0.000004.
Broader market pressure has amplified the downside. According to CoinGlass data, liquidations across the crypto market reached $1.96 billion over 24 hours. Glassnode analysts noted that stablecoin supply is shrinking fast, falling $17 billion over the last month, the steepest drop since 2022, draining buying power from Bitcoin and other crypto assets.
Bitwise CEO Matt Hougan commented: “There will be a big buying opportunity at some point, but it’s hard to say when.”
For SHIB, the daily 50-day and 200-day moving averages around $0.000005 are expected to act as resistance. If the declines continue, support is seen at $0.000003.
