Shiba Inu is currently facing heightened selling pressure as technical indicators and derivative market activity indicate continued weakness in the token’s future. SHIB remains under strain following recent losses across the broader cryptocurrency market, with recent chart patterns signaling fading short-term momentum. Shiba Inu Approaches Death Cross On lower timeframes, Shiba Inu has confirmed a bearish technical setup known as a death cross . On the 30-minute chart, the 50-period moving average fell below the 200-period moving average, suggesting a potential continuation of the correction. Earlier in the week, SHIB briefly formed a golden cross when the 50-period moving average moved above the 200-period MA, reflecting a short-lived rebound. However, subsequent lower lows invalidated this pattern, reinforcing the token’s current downtrend. While shorter timeframes can produce false signals, the alignment of this pattern with overall market weakness contributes to the bearish outlook. The recent price pressure has been further amplified by significant liquidations in the derivatives market . Over the past 24 hours, more than $2.5 billion in leveraged positions were forcibly closed across the cryptocurrency sector. Long positions accounted for the majority of these losses, exceeding $2 billion, while short positions represented a smaller portion. Shiba Inu traders were not immune, with around $1.07 million in positions liquidated, most of which were bullish bets. Such rapid sell-offs can lead to increased price decline. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Recovery Attempt and Need for Caution SHIB has managed to show minor recovery attempts , despite bearish signals. A short-term bounce pushed the price slightly higher, but it has struggled to establish sustained upward momentum, forming lower highs before potential further declines. The token is now trading near a historically relevant support zone of approximately $0.0000051. This area has acted as a floor for SHIB in the past, and buyers may be defending it to prevent additional losses. Maintaining support at this zone is important for any potential reversal, though broader market stabilization is also necessary for a notable recovery. Analysts say that small rebounds are possible, but bearish signals will remain persistent until Shiba Inu consistently trades above key moving averages. Traders are advised to remain cautious and closely monitor price behavior near this support level. Short-term gains may not last if selling pressure persists or if the wider crypto market experiences renewed declines. Shiba Inu’s immediate outlook largely relies on the interplay between technical weakness, liquidation-driven selling, and the defense of crucial support. For now, sellers continue to influence the market’s direction, and SHIB’s ability to maintain its support zone will determine whether short-term stability can be achieved or if further declines are likely. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Flashes Death Cross. Here’s What It Means appeared first on Times Tabloid .
