A death cross was completed on its daily chart, reflecting the ongoing selling pressure in the market. Crypto has been pummeled in recent weeks by a confluence of factors; liquidations accelerated over the last 24 hours, reaching a total of $1.96 billion across the market, according to CoinGlass data.Unlike the abrupt crashes that have punctuated previous crypto downturns, much of the preceding decline unfolded during relatively subdued trading before liquidations accelerated in recent days.What's next?The latest selloff is testing the resolve of some of the cryptocurrency market’s most committed investors, as a succession of setbacks pushes prices toward their lowest levels of the year and major sources of demand weaken.Stablecoin supply is shrinking fast, dropping $17 billion over the last month, the steepest drop since 2022. As holders swap stablecoins for fiat, they drain buying power from BTC and crypto, analysts at Glassnode said.It remains to be seen whether buying power returns to the market. According to Bitwise CEO Matt Hougan, "There will be a big buying opportunity at some point, but it's hard to say when."Shiba Inu rebounded from a low of $0.0000037 on Sunday, but the meme coin remains down 6.87% over the last 24 hours and down 14% over the week.Further recovery will occur if dip buying gains traction, with the daily 50 MA and 200 MA at $0.000005 marking resistance levels for SHIB's price. Support is expected at $0.000003 if the declines continue." /> Shiba Inu Death Cross Completes After 14-Month Wait, What’s Next?|Exbasi.com

Shiba Inu Death Cross Completes After 14-Month Wait, What’s Next?

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Shiba Inu Death Cross Completes After 14-Month Wait, What’s Next?

has printed a death cross for the first time in 14 months on its daily chart. The 50 MA is below the 200 MA. This death cross follows the last signal, which was back in September 2025.The latest signal coincides with a sharp price drop, with Shiba Inu falling to unusually low levels below $0.000004.Cryptocurrencies tumbled over the weekend, with Shiba Inu dropping sharply to a low of $0.0000037 on Saturday, marking four straight days of declines since November 11.COINBASE:SHIBUSD Daily Chat, Image By TradingView">A death cross was completed on its daily chart, reflecting the ongoing selling pressure in the market. Crypto has been pummeled in recent weeks by a confluence of factors; liquidations accelerated over the last 24 hours, reaching a total of $1.96 billion across the market, according to CoinGlass data.Unlike the abrupt crashes that have punctuated previous crypto downturns, much of the preceding decline unfolded during relatively subdued trading before liquidations accelerated in recent days.What's next?The latest selloff is testing the resolve of some of the cryptocurrency market’s most committed investors, as a succession of setbacks pushes prices toward their lowest levels of the year and major sources of demand weaken.Stablecoin supply is shrinking fast, dropping $17 billion over the last month, the steepest drop since 2022. As holders swap stablecoins for fiat, they drain buying power from BTC and crypto, analysts at Glassnode said.It remains to be seen whether buying power returns to the market. According to Bitwise CEO Matt Hougan, "There will be a big buying opportunity at some point, but it's hard to say when."Shiba Inu rebounded from a low of $0.0000037 on Sunday, but the meme coin remains down 6.87% over the last 24 hours and down 14% over the week.Further recovery will occur if dip buying gains traction, with the daily 50 MA and 200 MA at $0.000005 marking resistance levels for SHIB's price. Support is expected at $0.000003 if the declines continue.

BitcoinLiquidationsStablecoins