- ShibaInu (SHIB) surged 11% amid a broader crypto market revival, reigniting bullish sentiment.
- ShibaInu now faces a looming death cross pattern that could trigger short-term volatility, though past instances have led to strong rebounds.
ShibaInu (SHIB) Soars as Meme Coin Mania Returns
ShibaInu (SHIB) just reignited excitement in the crypto market with a sharp 11% price surge over the past two days. Fueled by a broader crypto revival led by Bitcoin, SHIB climbed from under $0.0000125 to nearly $0.0000139, igniting a wave of bullish sentiment across social media and trading forums. The meme coin’s rebound has reminded investors of its potential to generate explosive gains, even amid uncertainty.
But while SHIB fans are celebrating, technical analysts are raising red flags that suggest the party might be short-lived.
Death Cross on the Horizon: A Warning Sign for SHIB Bulls
Despite the recent rally, SHIB’s weekly chart reveals an ominous setup—a potential death cross. This bearish signal forms when a short-term moving average dips below a long-term one, indicating that momentum may be shifting downward. Specifically, SHIB’s 23-day and 50-day moving averages appear to be converging, threatening a crossover that could signal a short-term downtrend.
Although the cross hasn’t occurred yet, the setup suggests caution. Traders who rely on technical analysis are watching this closely, as it could mark the start of a temporary price correction—even after such an energetic breakout.
History Repeats? SHIB’s Last Death Cross Was Followed by a 54% Rally
Looking back, ShibaInu experienced a similar death cross in October 2024. The immediate aftermath wasn’t pretty—an 18.4% price drop in just one week. But what followed surprised many: a powerful 54% rebound that carried the token to $0.00003343 by December.
This rollercoaster ride shows that while a death cross may trigger selling pressure, it doesn’t necessarily mean game over. For seasoned traders, it could even set the stage for strategic accumulation before the next big move.
ShibaInu Investors Brace for Volatility Ahead
For ShibaInu holders, the current market setup presents a double-edged sword. On one hand, the recent surge reflects renewed momentum; on the other, technical patterns hint at looming turbulence. Whether SHIB follows its 2024 script—short-term pain followed by explosive gain—remains to be seen.
One thing’s clear: SHIB is once again at the center of crypto market drama, and the coming weeks could be crucial for its next major move.
