Shiba Inu (SHIB) Trades Below $0.00000550 as Golden Cross Momentum Fades

First Golden Cross Since November 2024

The technical signal arrived with a bullish reputation, and the market answered within hours. On the daily chart, the 50-day moving average of Shiba Inu (SHIB) closed above its 200-day average, forming a golden cross, the token's first complete one since November 2024 and a formation traders typically read as confirmation that a downtrend has flipped. The Shiba Inu price has refused to follow: our live monitoring puts the memecoin at $0.00000539, down 8.5% over the past 24 hours, though marginally below the $0.00000545 reading logged at 14:19 UTC.

The path behind that number explains the reversal. SHIB had climbed off a local dip at $0.00000550 and briefly steadied near $0.00000625, a recovery that looked ready to validate the cross. Sellers then overwhelmed the move: across one 24-hour window the token shed 5.72% and slid back to $0.00000545, putting the psychologically important $0.00000550 support zone back under test, and by the latest reading the daily loss has deepened to 8.5%.

Traders who treated the cross as a continuation signal had positioned for exactly that outcome, which is one reason the reversal produced such heavy forced selling.

Daily momentum readings agree with the tape. The relative strength index pulled back to 45.30, neutral ground that marks neither overbought nor oversold conditions, but the direction of the retreat indicates buyers are losing short-term strength rather than consolidating gains.

Measured against the promise of the cross, the arithmetic is blunt: a formation nearly two years in the making has been met with a deepening daily loss rather than the breakout it advertised.

Our composite readings sharpen that caution. The momentum gauge we track now puts the relative strength index at 43.66, below the 45.30 print from earlier in the session, with a bearish MACD signal and the broader trend classified sideways.

Positioning looks thin rather than hostile: the perpetual funding rate holds barely positive at 0.0009% and aggregate open interest sits near $13.1 million, little committed capital for a token with a $3.18 billion market capitalization.

A funding rate flipping negative while open interest expands on any bounce would be the first hard evidence that new money is re-entering rather than shorts simply covering.

$634 Million in Longs Liquidated

The damage concentrated in derivatives. Liquidation data shows more than $634 million in positions erased across the crypto futures market over 24 hours, a flush that ran through the wider altcoin market.

The split explains why the golden cross could not gain traction: leveraged longs opened through margin trading absorbed $572.36 million of the losses, against just $61.91 million for shorts, a skew of roughly nine to one against the bullish side.

A purge of that scale drained the buying liquidity a sustained Shiba Inu (SHIB) rally would have needed, and it revived an uncomfortable precedent, since the similar recovery attempt in August 2025 also failed to convert into a lasting reversal.

Traders resizing leveraged exposure after a flush of this size often re-evaluate venues, and our Best Crypto Exchanges guide compares derivatives depth and fees across the largest platforms.

The map from here runs through $0.00000530. Sustained weakness below that level could invalidate the golden cross entirely and send SHIB back toward a test under $0.00000450. Holding the current zone over the next few sessions, by contrast, would give the market room to digest the liquidation wave and could reopen the $0.00000650 intermediate target, with the $0.00001000 psychological threshold waiting beyond it. That is the same map our SHIB technical analysis tracks in real time.

Longer-horizon holders are watching fundamentals rather than charts. Plans to connect the wider Shiba Inu ecosystem to Solana through cross-chain bridges moved forward this month when Shiba Inu (SHIB) went live on Solana via Sunrise, keeping part of the holder base engaged despite the volatility.

The cross still stands on the chart, but the distance between the $0.00000650 target it advertised and the $0.00000539 now on the tape is the gap this market has yet to close.