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Shiba Inu Teeters on Edge of Death Cross—Will SHIB Price Plummet or Defy Gravity?

Shiba Inu Teeters on Edge of Death Cross—Will SHIB Price Plummet or Defy Gravity?

Author:
Beincrypto
Published:
2025-06-12 22:00:00
20
3

The memecoin that roared faces its most critical technical test yet.

Shiba Inu''s chart flashes warning signs as the 50-day MA threatens to cross below the 200-day—a classic death cross pattern that''s sent shivers down traders'' spines since the dawn of technical analysis. But in crypto''s upside-down world, TA patterns sometimes work in reverse.

Dogecoin''s fiercest competitor now dances on the knife''s edge between capitulation and comeback. Retail armies who bought the dip last quarter are sweating their positions, while degens whisper about potential contrarian plays.

Remember: In a market where ''fundamentals'' include Elon Musk''s Twitter activity, anything can happen. The only certainty? Wall Street will still pretend they saw it coming.

Shiba Inu RSI Slides Into Neutral Zone: What Comes Next?

Shiba Inu Relative Strength Index (RSI) has dropped significantly, now sitting at 44.31—down from 62.8 just yesterday.

This sharp decline suggests that recent selling pressure has intensified, pushing SHIB out of the bullish zone and into neutral territory.

The shift could reflect profit-taking or a short-term cooling after a recent rally, and it marks a notable change in momentum within just 24 hours.

SHIB RSI.

SHIB RSI. Source: TradingView.

RSI, or Relative Strength Index, is a momentum oscillator that measures the speed and magnitude of recent price movements on a scale from 0 to 100.

Readings above 70 typically indicate that an asset is overbought and may be due for a correction, while readings below 30 signal oversold conditions and potential for a bounce. With SHIB’s RSI at 44.31, the token is now in a neutral range, suggesting indecision among traders.

If the RSI continues to fall, it could indicate further downside ahead, but if it stabilizes or reverses upward, it may signal renewed buying interest before SHIB reaches oversold territory.

Shiba Inu BBTrend Turns Positive After Deep Bearish Stretch

Shiba Inu BBTrend has climbed to 0.54, a sharp recovery from a negative low of -3.25 just three days ago.

This upward shift marks a potential change in momentum, indicating that bearish pressure may be easing and early signs of bullish strength are emerging.

While the MOVE is still modest, it reflects improving sentiment as SHIB attempts to stabilize after recent weakness.

SHIB BBTrend.

SHIB BBTrend. Source: TradingView.

BBTrend, or Bollinger Band Trend, measures the directional strength of price movement relative to Bollinger Bands. Values above 0 suggest upward momentum, while values below 0 indicate bearish trends.

SHIB’s current BBTrend of 0.54 suggests a weak but growing bullish bias.

If the trend continues rising, it could signal the start of a recovery phase, potentially attracting renewed interest from short-term traders anticipating a breakout above key resistance levels.

SHIB Eyes Death Cross: Breakdown or Reversal Ahead?

Shiba Inu EMA lines are showing signs of weakness, with a potential death cross formation on the horizon. A death cross occurs when the short-term EMA crosses below the long-term EMA, typically signaling a bearish trend reversal.

If this pattern confirms, SHIB price could fall to test the support level at $0.0000123.

A break below that zone may accelerate downside pressure, pushing the price toward $0.0000118.

SHIB Price Analysis.

SHIB Price Analysis. Source: TradingView.

However, if SHIB manages to regain upward momentum before the death cross confirms, a reversal could lead to a retest of the $0.0000134 resistance level.

Breaking above that WOULD shift short-term sentiment and could trigger further gains toward $0.0000147 and $0.0000160. These targets would only become likely if buying pressure returns and invalidates the current bearish setup.

As SHIB consolidates, traders are closely watching whether the EMA lines confirm the bearish signal—or if bulls can flip the trend in time.

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