Summary Shiba Inu recorded its first death cross in 14 months as declining momentum pushed SHIB below the $0.000004 price level. Cryptocurrency liquidations reached $1.96 billion, while shrin
Shiba Inu (SHIB) has recorded its first daily death cross in 14 months, adding another bearish signal to its declining price performance. The technical formation emerged as SHIB dropped below $0.000004, extending losses across an already struggling cryptocurrency market.
According to TradingView chart data, SHIB’s 50-day moving average crossed beneath its 200-day moving average, confirming the bearish formation. This marks the first occurrence since September 2025, when the cryptocurrency experienced a similar technical development.
Meanwhile, Shiba Inu fell to $0.0000037 on Saturday, completing four consecutive days of losses that began on November 11. The decline pushed the meme coin toward its lowest trading levels of the year.
The death cross reflects weakening price momentum over an extended period rather than an immediate prediction of further losses. Still, its appearance coincides with increased selling pressure and widespread liquidations across digital assets.
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Shiba Inu’s technical weakness comes amid a broader cryptocurrency downturn that has triggered substantial losses across leveraged trading positions. According to CoinGlass, total cryptocurrency liquidations reached $1.96 billion within 24 hours as market volatility increased.
Significantly, the latest liquidation wave followed several weeks of declining cryptocurrency prices and relatively subdued trading activity. Rising forced liquidations have added pressure to an environment already affected by weaker investor demand.
Source: TradingView
Besides the liquidations, shrinking stablecoin supply has raised additional concerns about available purchasing power within the cryptocurrency market. Glassnode analysts reported that stablecoin supply declined by $17 billion over the preceding month, marking its largest contraction since 2022.
The analysts linked this decline to investors converting stablecoins into traditional currencies, reducing funds available for cryptocurrency purchases. Bitwise CEO Matt Hougan also acknowledged the possibility of an attractive buying opportunity but expressed uncertainty about its timing.
For Shiba Inu, immediate resistance remains near $0.000005, where both major daily moving averages currently converge. A sustained recovery toward this level would require stronger buying activity following the recent selloff.
Meanwhile, the $0.000003 level represents a potential support area if sellers regain control and drive prices lower. This price zone could become increasingly important if broader cryptocurrency market weakness persists.
Despite recovering from Sunday’s $0.0000037 low, SHIB remained down 6.87% over 24 hours and 14% across seven days. These losses highlight the challenges facing buyers attempting to reverse the prevailing downward trend.
The completed death cross leaves Shiba Inu trading beneath important technical resistance levels, with broader market conditions influencing its recovery prospects.
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The post Shiba Inu Death Cross Returns After 14 Months as SHIB Price Falls Below $0.000004 appeared first on 36Crypto.
