🔥 Key Takeaways
- Shiba Inu (SHIB) is forming a bearish “death cross,” but historical patterns suggest a potential 32% price surge instead.
- The SHIB price could target $0.00001, erasing another zero from its valuation.
- Previous bullish “golden cross” setups led to a 12% dump, highlighting SHIB’s unpredictable price action.
- Market sentiment and whale accumulation may play a key role in SHIB’s next move.
Shiba Inu (SHIB) Death Cross: A Bullish Trap in Disguise?
Shiba Inu (SHIB), the meme coin that has repeatedly defied expectations, is now setting up a classic bearish technical pattern—the “death cross.” This occurs when the 50-day moving average (MA) crosses below the 200-day MA, traditionally signaling a prolonged downtrend. However, SHIB’s history of erratic price movements suggests this could be a contrarian play, with a potential 32% surge toward $0.00001 on the horizon.
Golden Cross Flipped Bearish—Will Death Cross Do the Opposite?
Earlier this year, SHIB printed a bullish “golden cross” (50-day MA crossing above the 200-day MA), which typically signals a long-term uptrend. Instead, the price dumped 12%, catching many traders off guard. Now, with the death cross forming, the opposite scenario could unfold. SHIB has a tendency to move against textbook technical analysis, making this a high-risk, high-reward setup.
Why SHIB Could Rally 32% Despite the Death Cross
Several factors support the case for an upside breakout:
- Historical Reversals: SHIB has frequently reversed after major technical signals, including fakeouts and squeezes.
- Whale Accumulation: Large wallets have been accumulating SHIB during dips, suggesting confidence in a rebound.
- Market Sentiment: Retail traders often fade death crosses in meme coins, creating buy pressure.
If SHIB reclaims $0.0000075 as support, the path to $0.00001 becomes plausible, marking a 32% rally and erasing another zero from its price.
Conclusion: High Volatility Ahead
Shiba Inu remains a wildcard in the crypto market. While the death cross hints at bearish momentum, SHIB’s tendency to defy expectations means traders should prepare for both scenarios. A breakout above key resistance could trigger a short squeeze, propelling SHIB toward $0.00001—but a failure to hold support may lead to another leg down.
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