Shiba Inu (SHIB) Climbs 5% Despite Death Cross Signal

Shiba Inu has delivered a mixed technical outlook, showing conflicting signals emerging across different chart timeframes. While a bearish crossover appeared on the lower timeframe, the token’s recent price movement suggests that buying pressure remains present.

SHIB Formed Death Cross

The one-hour chart shows that SHIB formed a death cross on March 22, a pattern that occurs when the 200-period simple moving average moves above the 50-period average. This setup is commonly associated with weakening short-term momentum and the potential for further downside. The signal emerged after a brief price decline triggered by heightened geopolitical issues involving the United States and Iran.

During that dip, SHIB fell from around $0.00000575 to approximately $0.00000565 within the same day. The drop was relatively modest but significant enough to influence short-term technical structure. 

Notably, the bearish crossover did not occur in isolation; it followed a failed bullish signal just 24 hours earlier. On March 21, the 50-period moving average had crossed above the 200-period average, suggesting a possible upward trend. However, the market did not sustain that momentum, and the signal quickly reversed.

Golden Cross Spotted

Despite this short-term weakness, broader indicators provide a more stable outlook. On the four-hour chart, SHIB remains in a bullish configuration after forming a golden cross on March 19. 

This occurred following a rebound from lows near $0.00000562. Since then, the separation between the two moving averages has increased, which is often interpreted as strengthening trend support. In addition, the current price continues to trade above both averages, reinforcing the idea that the larger trend has not shifted to the downside.

Price action over the last 24 hours further challenges the bearish implication of the one-hour chart. SHIB has risen by nearly 5%, reaching about $0.00000606. This upward movement reflects a broader recovery across the cryptocurrency market rather than an isolated rally.

Improved sentiment appears to have been influenced by recent remarks from Donald Trump, who referenced a temporary pause in attacks on Iranian power infrastructure amid ongoing negotiations. The development contributed to a more positive global market environment, which extended to digital assets.

The price increase has had notable consequences in the derivatives market. A significant number of traders who were positioned for further declines were forced out of their trades. Within the past 24 hours, total SHIB liquidations reached approximately $119,170, with short positions accounting for the majority at $94,350. Long liquidations were considerably lower, indicating that bearish bets were more heavily impacted by the unexpected upward move.

This pattern is consistent with activity across the wider crypto market. Data from Coinglass shows that around $611 million worth of leveraged positions were liquidated over the same period. Short trades made up the larger share at $361 million, while long positions accounted for $249 million. In total, more than 126,000 traders were affected. The single largest liquidation was valued at $16.27 million on an ETH/USDT pair on Bitget.

Overall, Shiba Inu’s recent performance shows the divergence that can occur between short-term indicators and broader market trends. While the one-hour death cross points to temporary weakness, sustained price strength and supportive higher timeframe signals indicate that bullish conditions have not been fully undermined.