Shiba Inu May Remain Under Pressure After Flash Crash as XRP Death Cross Suggests Broader Altcoin Weakness

• Shiba Inu plunged to $0.0000085 and broke key $0.000010 support.

• XRP registered a bearish death cross versus Bitcoin, trading near 0.00002247 BTC.

• DOGE rallied ~13% after a short squeeze erased roughly $436 million in open short positions.

Shiba Inu decline saw SHIB drop to $0.0000085 after mass liquidations; read the latest market update and recovery outlook from COINOTAG.

Publication date: 2025-10-14 | Updated: 2025-10-14 | Author: COINOTAG

What caused the Shiba Inu decline amid the crypto market crash?

The Shiba Inu decline was triggered by widespread market liquidations that pushed SHIB to a low of $0.0000085, breaching the psychologically and technically important $0.000010 level. Reduced altcoin liquidity, higher Bitcoin dominance and thin post-liquidation order books amplified downward moves before a partial rebound.

How did XRP’s death cross against Bitcoin form and what does it signal?

XRP confirmed a death cross after the 23-day moving average fell below the 200-day average against BTC, a classic bearish chart signal. The XRP/BTC pair currently trades around 0.00002247 BTC while Bitcoin is quoted near $111,000 and XRP sits near $2.49. Historical precedents, notably the 2022 episode, show such crosses can persist for months; combined with elevated Bitcoin dominance and limited alt liquidity, the pattern increases the probability of range-bound price action until XRP clears the 0.00002400–0.00002500 BTC band.

Market recap: Shiba Inu, XRP and Dogecoin moves

Friday’s flash crash produced one of the largest single-session liquidation events in recent memory, with reported industry tallies indicating multibillion-dollar liquidations. The sell-off hit small-cap and meme tokens particularly hard. Shiba Inu fell to $0.0000085 before recovering to trade above immediate lows. XRP/BTC collapsed to a spike low of 0.000013 BTC during the liquidation and has since rebounded into the area where moving averages have converged, creating resistance. Dogecoin experienced a sharp reversal higher, rising roughly 13% in a short-squeeze-led rebound.

Expert perspective

“The combination of concentrated short positions, low order book depth on altcoin pairs and a rapid move in BTC prices created a volatile environment,” said a senior analyst at COINOTAG. “Until liquidity returns to alt markets and moving averages realign, traders should expect continued range trading and heightened volatility.”

Frequently Asked Questions

How low did Shiba Inu fall during the crash?

Shiba Inu briefly dropped to $0.0000085 during the flash crash, breaching the $0.000010 support level. The price later staged a partial recovery as selling pressure eased and bargain-buying emerged.

What does an XRP death cross mean for investors?

An XRP death cross versus Bitcoin indicates shorter-term momentum has shifted lower relative to the long-term trend. Historically, this can signal extended consolidation or further downside risk unless the pair breaks above the clustered moving averages near 0.00002400–0.00002500 BTC.

Why did DOGE surge by roughly 13%?

Dogecoin’s ~13% gain followed a short squeeze that liquidated approximately $436 million in open short positions, combined with bargain-hunting after multi-day declines and a bounce off daily moving support around $0.206.

Key Takeaways

• Shiba Inu vulnerability: SHIB fell to $0.0000085 after breaking key $0.000010 support, reflecting thin altcoin liquidity.
• XRP technical risk: A 23-day/200-day death cross against BTC signals potential for extended consolidation unless resistance at 0.00002400–0.00002500 BTC is cleared.
• Dogecoin rebound: DOGE’s 13% rally was driven by a sizable short squeeze and short-term buyers stepping in near moving-average support.

Conclusion

The recent market turbulence left Shiba Inu notably weakened, with SHIB breaking crucial technical support and cascading lower amid mass liquidations. XRP’s death cross against Bitcoin underscores a cautious outlook for many altcoins, while Dogecoin’s sharp bounce highlights episodic relief rallies driven by leverage unwinds. Market participants should monitor liquidity metrics, moving-average bands and on-chain indicators as they reassess risk—COINOTAG will continue to track developments and provide updates.