The post Mega Death Cross Threatens to Send Shiba Inu (SHIB) into Freefall appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) is on the verge of a breakdown that has never happened before on its weekly chart, with the 50-week moving average slipping closer to crossing below the 200-week — a setup traders call a “death cross.” It is a signal that typically appears in the later stages of a weakening market, and when it shows up on higher time frames like this, it means something more serious. You Might Also Like The SHIB price is holding around $0.00001120, but it is finding it hard to stay above long-term support. That zone has been a base a few times in the last few years. The price tried to rally in May but got knocked back at $0.00001330, right where the two averages started closing in on each other. That rejection area has now turned into firm resistance, and the price has slowly gone down since then. Source: TradingView What makes this development notable is that SHIB has never done this before — not on a weekly chart, at least. At the moment, the two moving averages are less than 5% apart. If the cross completes, it will be a game-changer for SHIB’s long-term trajectory. These patterns do not automatically trigger a crash, but they usually happen alongside a slowdown, either pushing the price down or keeping it in a tight range for months. You Might Also Like Unless something changes, the token might drop to below $0.00001000 because it is losing momentum and the technicals are looking a bit bearish. If that happens, the next stretch down could see prices that have not been seen since early last year. This might not be a sensational headline, but it could have a big impact on SHIB’s performance for the rest of the year. It is a rare setup, and it…

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Filed under: News - @ July 2, 2025 5:16 am