Shiba Inu Could Face Further Downside as 3-Hour Death Cross Forms and Burn Rate Plummets

• Death cross formed: 9-day MA below 26-day MA on three-hour chart.

• Trading volume rose 17.25% to $221.76 million despite price weakness.

• Burn rate plunged over 98% to 223,914 tokens in 24 hours, increasing supply risk.

Shiba Inu death cross prompts caution: monitor support at $0.00001223 and burn metrics for signs of reversal — read analysis and take action.

What is the Shiba Inu death cross and why does it matter?

Shiba Inu death cross is a technical signal that occurs when a short-term moving average crosses below a longer-term moving average, indicating waning bullish momentum and higher probability of continued downside. Traders use it to gauge risk and adjust positions quickly to protect capital.

How does the death cross affect SHIB price and trader behavior?

The death cross typically raises selling pressure as momentum traders exit positions. In SHIB’s case, the 9-day moving average slipped under the 26-day on the three-hour chart, coinciding with a decline below the $0.00001223 support level. Short-term flows can accelerate until a clear volume-backed reversal appears.

SHIB Price Chart | Source: TradingView

As of press time, SHIB traded at $0.00001214, down 0.68% in 24 hours from an intraday high of $0.00001244. The cross and the support breach together confirm a bearish technical posture that could extend near-term losses unless buyers re-enter with higher volume.

When did SHIB’s burn rate change and what does it imply?

The Shiba Inu ecosystem recorded a sharp drop in token burning over the last 24 hours, with only 223,914 tokens sent to dead wallets — a fall of more than 98% from the prior 48-hour spike. A falling burn rate reduces the token’s deflationary pressure and can increase circulating supply risk, which weighs on price.

Low burns after a brief surge (noted as a prior >1,000% climb) suggest burn activity is inconsistent. For SHIB to stabilize, coordinated or organic increases in burn velocity and on-chain demand will be needed to offset selling pressure.

How are trading volume and support levels shaping the outlook?

Trading volume rose by 17.25% to $221.76 million, showing active participation despite the death cross. Higher volume during declines typically confirms selling conviction, while volume spikes on buying could mark a reversal. Key levels to watch: $0.00001223 (recent support) and $0.00001165 (next retest level).

Frequently Asked Questions

Is the Shiba Inu death cross a guaranteed signal to sell?

No. A death cross signals increased downside risk but is not guaranteed. Traders should combine it with volume, support levels, and on-chain metrics like burn rate before making decisions. Risk management and stop placement remain essential.

How much did SHIB trading volume change after the death cross?

Trading volume increased by approximately 17.25% and stood at $221.76 million at press time, indicating elevated trader activity despite price weakness.

What burn rate change was recorded and why is it important?

Burns fell by over 98% to 223,914 tokens in 24 hours. Lower burn rates can increase circulating supply and pressure price if demand does not rise to offset token issuance or selling.

Comparison Table: SHIB Key Metrics

Key Takeaways

• Death cross confirmed: 9-day MA below 26-day MA signals higher short-term risk.
• Volume up: $221.76M and +17.25% — active trading but directional clarity needed.
• Burns collapsed: 223,914 tokens burned (down >98%), increasing supply concerns.

Conclusion

Shiba Inu’s death cross and support breach point to a cautious outlook for SHIB in the near term. Key indicators to watch are the $0.00001223 support level, trading volume trends, and burn-rate recovery. Traders should combine technicals and on-chain metrics before positioning and monitor updates from COINOTAG for developments.