Shiba Inu has recently witnessed the emergence of the Golden Cross formation on its daily chart, a technical indicator regarded as a strong bullish signal. This marks the first complete crossover since November 2024 as the 50-day moving average surpassed the 200-day moving average. However, the anticipated price momentum in the aftermath of this signal failed to match expectations, reflecting the volatility and unpredictability surrounding the token.
Technical Signal Meets Heavy Selling Pressure
The price of Shiba Inu (SHIB) attempted to stabilize near $0.00000625, rebounding from its local low of $0.00000550. Despite this recovery effort, a surge in sell pressure led to a sharp 5.72% decline over the past 24 hours, bringing the token down to $0.00000545. This downturn has prompted the market to test the psychologically significant support level of $0.00000550 again.
The Relative Strength Index (RSI) also mirrored this waning buying momentum. With the RSI retreating to 45.30, the market finds itself neither in overbought nor oversold territory, yet buyers appear to be losing grip in the short term.
Shiba Inu witnessed its first full Golden Cross since November 2024; however, a broad wave of selling has currently muted the impact of this technical signal.
Derivatives Market Liquidations Exacerbate Downward Pressure
According to data from CoinGlass, over $634 million worth of positions were liquidated in the crypto derivatives market in the last 24 hours, with those holding long positions suffering significant losses. Liquidations of long positions amounted to $572.36 million, while short positions faced a loss of $61.91 million.
This sweeping wave of liquidations has drained the liquidity essential for SHIB to maintain its upward momentum. Historical trends highlight the token’s struggle to sustain long-term momentum following similar breakout attempts, exemplified by the failed rebound attempt in August 2025.
In such breakouts, not only price levels but also investor behaviors are scrutinized closely. In the meme token market, a trending phenomenon can rapidly snowball into multi-million dollar interests. An illustrative example is a trade in the Niu Lai exchange that turned an initial $99 investment into approximately $370,000. Platforms like the Fomo App offer insights by integrating social flows, investor rankings, and trade notifications, enabling investors to track both market prices and trading patterns.
Monitoring Critical Support Levels
Should market pressure persist and SHIB fall below $0.00000530, the Golden Cross signal could be invalidated, potentially sending SHIB back into a downward channel to test beneath $0.00000450. Conversely, if current levels hold over the next few sessions, the market may absorb the liquidation effects, reigniting the target of an interim recovery to $0.00000650. Subsequently, participants would focus on the $0.00001000 psychological threshold.
Sustained weakness below $0.00000530 might invalidate the Golden Cross signal; maintaining the current zone could refocus attention on targets at $0.00000650 and $0.00001000.
Meanwhile, long-term projections rely on technological advancements within its ecosystem. Interest remains among some investors in SHIB’s integration plans with the Solana blockchain, despite the prevailing short-term volatility.
