Shiba Inu Coin (SHIB) recently formed its first death cross on the 3-hour chart, with the 50-day moving average approaching below the 200-day moving average. Speaking of this signal, it's not unfamiliar — it accurately predicted SHIB's dip to a low of 0.00000681 USD in mid-December last year.



Currently, SHIB is trading around 0.00000782 USD. Although it has slightly increased by 0.09% in the past 24 hours, this week's decline has reached 10.02%, indicating overall weakness. Interestingly, a dragonfly doji pattern has appeared on the daily chart, which often signals a potential reversal.

From a technical perspective, resistance is tightly held at the 50-day moving average of 0.000008 USD, while support depends on whether 0.00000688 USD can hold steady. These two levels will be the key in the coming period.
SHIB2.59%
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MEVHuntervip
· 4h ago
Death cross + dragonfly cross, this rhythm is quite interesting... Last year's prediction of 0.00000681 was indeed remarkable, but it's different now. How are arbitrage bots reacting in the mempool?
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RooftopReservervip
· 4h ago
The death cross is back. Is SHIB going to reenact December's drama? Or will this time truly be a reversal? Who knows.
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ApeWithNoChainvip
· 4h ago
Death cross is coming again. Is this time really going to break the support? I just relaxed during that wave last year.
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ChainDoctorvip
· 4h ago
The death cross is back. Can Shiba Inu withstand this wave? It feels like the 0.000008 level is hanging in the balance.
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