SHIB's First Death Cross in 14 Months Puts $0.00000374 Support to the Test

Death Cross Returns After 14 Months

Whether the Shiba Inu price can hold $0.00000374 is the question its chart now has to answer. Shiba Inu (SHIB), the Ethereum-based memecoin, confirmed its first daily death cross in 14 months, with the 50-day simple moving average dropping under the 200-day line, which readings place at roughly $0.00000502 and $0.00000506 respectively. Data from November 11 still showed the shorter average above the longer one, so the crossover formed within the last few days, though different providers' calculation methods can move the exact date by a session. The signal undoes a golden cross from early October 2026 that had pointed to strengthening upside momentum. Selling pressure carried the token under $0.000004 over the weekend and its 14-day RSI fell to 27.8, well inside oversold territory, while the market cap has slipped to roughly $2.33 billion. The token was quoted near $0.00000393 early on Sunday and has since steadied around $0.00000396, up 0.3% since the 11:58 UTC reading but still down 4.6% over 24 hours. Below the market, a daily close under $0.00000374 would open the $0.00000354 area, then $0.00000335. Above, the first barrier sits at $0.00000396, effectively the current price, followed by $0.00000407 and $0.00000422, and a durable recovery is not read until price retakes the $0.00000502–$0.00000506 band where the two averages sit.

The oversold turn shows up in our composite readings as well: the 14-day RSI stood at 28.23 at the time of writing, the MACD signal is bearish and the trend reading is a downtrend. Derivatives positioning looks light rather than crowded, with a perpetual funding rate of 0.0026% and open interest near $7.86 million, so the slide has not been carried by forced leverage on Shiba Inu (SHIB) itself. Sentiment is the more stretched variable: the Fear & Greed Index for our tracked market sits at 10 out of 100, deep in extreme fear, the zone that has historically accompanied capitulation phases.

A $17 Billion Squeeze on Buying Power

The crossover landed in a market that was already losing its footing. Shiba Inu has now fallen for four consecutive sessions since November 11, and the weekend sell-off took the token to $0.0000037 on Saturday before a limited Sunday bounce. The weekly loss stands near 14%, and the 24-hour decline had reached 6.87% before that bounce trimmed it. The move began in comparatively calm trading and deepened as forced selling accelerated: derivatives data shows liquidations across the crypto market totaled $1.96 billion over 24 hours. Underneath the price action, purchasing power is draining out of the system. On-chain data shows stablecoin supply shrank by $17 billion over the past month, the sharpest contraction since 2022, as holders convert stablecoins into fiat and pull that capital from crypto altogether. Bitcoin's direction sets much of the tone for the broader altcoin market, which leaves Shiba Inu (SHIB) exposed on both sides. Bitwise chief executive Matt Hougan summed up the timing problem many investors face: a strong buying opportunity will present itself at some point, but forecasting when is difficult. Longer-horizon holders have been moving the other way, with 114.6 billion SHIB pulled from exchange wallets in a recent stretch, a sign of consolidation even as price fell.

Why the Cross Date Varies by Provider

The exact shape of the crossover depends on who is reading the chart. A separate technical feed places the 50-day and 200-day averages at $0.00000411 and $0.00000435 respectively, a gap wide enough that the date the cross registers can shift between providers. What the readings agree on is the history: the last death cross on SHIB's daily chart formed in September 2025, making this the first in 14 months, and an earlier case recorded in February 2025 also preceded extended weakness. Both accounts point back to the golden cross that preceded this stretch of deterioration, a structure that has now flipped again. Moving averages are lagging indicators by construction, since they average prices that have already closed, so a cross typically lands after much of the move it describes. That is why the signal alone is a poor basis for calling a fresh sell wave, and why the readings treat it as confirmation of weakness rather than its cause.

Demand, Not the Cross, Sets the Path

Read together, the three strands point the same way: the death cross is a lagging confirmation of a four-day slide, and the binding constraint is demand, not the indicator. Stablecoin supply is contracting at the fastest pace since 2022, which caps how much dip-buying the market can fund, while SHIB's own derivatives book is too small to have driven the move. The full ladder of support and resistance levels is tracked in our SHIB technical analysis. The observable that settles the short-term debate is a daily close against $0.00000374: holding it keeps a rebound scenario alive after Sunday's bounce, while losing it clears the path to $0.00000354 and $0.00000335.