"Shiba Inu's Death Cross Sparks Bull-Bear Showdown at $0.000012"

Shiba Inu (SHIB) has recently formed a death cross on its daily chart, an event that has drawn significant attention from traders and analysts. A death cross is a technical pattern that occurs when the 50-day moving average drops below the 200-day moving average, signaling bearish momentum and the potential for a downward price trend [1]. On the weekend of September 2025, Shiba Inu experienced this crossover, marking the second death cross in 2025 following one observed in February [1]. In the months following the February death cross, the token's price declined to $0.00001, raising concerns that a similar outcome could unfold following the latest signal.

This development is particularly notable given that Shiba Inu had only recently formed a golden cross in August, a bullish pattern typically associated with upward momentum. However, this optimism was short-lived due to macroeconomic uncertainty and the historically weak performance of crypto assets in September [1]. The bearish sentiment was further reinforced by a 40% decline in exchange inflows, a sign of reduced liquidity and speculative interest in the token [2]. Analysts have also noted that the token's price is currently consolidating within a tightening wedge pattern around $0.00001236, with key support and resistance levels identified for close observation [2].

While the death cross is a concerning technical signal, it is essential to note that the market's response has not been uniform. Shiba Inu's price has seen a 24-hour increase of 1.34% and a seven-day surge of 4.93%, with a 2.75% rise since the start of the month. This has lifted September's average performance to 3.71% [1]. Additionally, the token's trading volume has surged by 39% over the past 24 hours to $143.94 million, indicating robust short-term interest [1]. This increased activity, however, must be balanced against the risk of bearish continuation, as the price remains under $0.000013—a level it briefly reached on August 29 before losing upward momentum.

The token's burn rate has also drawn attention, with a 1,676% increase over the past 24 hours. This has resulted in the destruction of 1.24 million SHIB tokens through nine transactions [1]. While token burns are often seen as a positive for long-term value, their immediate impact on price is less clear, particularly in the context of a bearish technical setup. Traders are now watching closely whether the price can break above the daily moving average to target $0.000014–$0.000016, or if bearish pressure will prevail, potentially leading to a decline toward $0.00001 [1].

Analysts suggest that the RSI for SHIB is currently near 47, reflecting market indecision and a lack of strong directional bias. This is compounded by lower trading volumes compared to July’s peaks, indicating that neither bulls nor bears have a clear advantage at the moment [2]. As a result, traders are advised to exercise caution and monitor key levels for potential breakouts or breakdowns. If the token manages to reclaim the 100-day EMA resistance at $0.00001297, the bearish signal from the death cross may weaken. Conversely, a breakdown below $0.00001200 could accelerate further losses [2].

In the broader context, the formation of a death cross is seen as a cautionary signal, especially when combined with weak inflows and macroeconomic headwinds. While historical patterns such as "Uptober"—a period of historically stronger performance for crypto assets in October—are being referenced, the immediate outlook for Shiba Inu remains mixed [3]. The token's ability to navigate the current consolidation phase and respond to potential catalysts, such as increased adoption on Shibarium or broader market rallies, will be critical in determining its short- to medium-term trajectory.

Source: [1] Bearish Concerns Emerge as Shiba Inu Encounters Another Death Cross (https://thecryptobasic.com/2025/09/08/bearish-concerns-emerge-as-shiba-inu-encounters-another-death-cross/) [2] Shiba Inu: Mini Death Cross? Unexpected Price Turnaround (https://u.today/shiba-inu-mini-death-cross-unexpected-price-turnaround) [3] SHIB Price Analysis: Golden Cross Forms as Shiba Inu Eyes (https://blockchain.news/news/20250908-shib-price-analysis-golden-cross-forms-as-shiba-inu-eyes)