Shiba Inu death cross on the hourly chart is a short-term bearish signal that occurred when a faster moving average crossed below a slower one, but the SHIB price quickly rebounded from $0.000012, invalidating the immediate downside and signaling mixed momentum for traders.
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Hourly death cross formed then invalidated by rebound
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SHIB fell to $0.000012 then rose to $0.00001246 as market reacted to jobs data
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Daily chart moving average crossover (golden cross) now in focus for medium-term direction
Shiba Inu death cross: immediate market context and next steps — track SHIB price action now for trade-ready signals.
What is the Shiba Inu death cross and why did it appear on the hourly chart?
The Shiba Inu death cross is a technical pattern that occurs when a short-term moving average crosses below a longer-term moving average, signaling increasing short-term selling pressure. On the hourly chart this formed after short-term selling ahead of U.S. jobs data pushed SHIB lower to roughly $0.000012.
How did the hourly death cross affect SHIB price in the short term?
The hourly death cross coincided with an intraday low of $0.000012, but bears were stunned as SHIB staged a sharp rebound to $0.00001246. At press time SHIB traded up 2.28% over 24 hours, reflecting a market-wide uplift after weaker-than-expected jobs figures from the Bureau of Labor Statistics.
SHIB/USD Hourly Chart, Courtesy: TradingView
Short-term signals such as an hourly death cross are useful for intraday traders, but they can be invalidated quickly in oversold conditions. In this instance, selling pressure ahead of employment data created the crossover, yet buyers stepped in near support and triggered a rebound.
Why did SHIB rebound despite the death cross?
SHIB’s rebound followed a market reaction to a Bureau of Labor Statistics report showing slower jobs growth in August. Slower job creation lowered immediate rate-hike pressure expectations for the Federal Reserve, improving risk appetite across crypto and providing buying interest at oversold levels for SHIB.
Key technical context:
- Hourly death cross: short-term bearish signal that can reverse in oversold markets
- Recent low: $0.000012 (intraday support)
- Short-term high after rebound: $0.00001246
- Daily chart: golden cross earlier in August—watch for daily moving average interactions
How should traders and investors interpret moving average crossovers for SHIB?
Moving average crossovers are trend indicators, not guarantees. Traders should use crossovers with volume, price action, and multi-timeframe confirmation. A death cross is a warning of short-term weakness; a golden cross on the daily chart suggests longer-term bullish bias and should temper intraday sell signals.
Frequently Asked Questions
Will the hourly death cross turn into a daily downtrend for Shiba Inu?
A single hourly death cross does not guarantee a daily downtrend. Confirm with daily moving averages, volume trends, and macro triggers such as Federal Reserve policy signals and economic reports.
How can I confirm if the death cross is valid for trading SHIB?
Confirm with rising volume on declines, failure to reclaim key moving averages, and alignment across multiple timeframes. Use stop-losses and position sizing to manage risk.
Key Takeaways
- Signal context: The hourly death cross reflected short-term selling but occurred near oversold support.
- Market driver: Bureau of Labor Statistics jobs data and rate expectations influenced the rebound.
- Actionable insight: Watch daily moving averages and key price levels ($0.000012 and $0.00001246) for confirmation before trading.
Conclusion
Shiba Inu’s death cross on the hourly chart signaled short-term bearish pressure, yet the quick rebound to $0.00001246 shows the signal’s limits in oversold conditions. Traders should combine moving average crossovers with volume and multi-timeframe confirmation. COINOTAG will monitor the coming daily crossover for clearer directional cues.
