Shiba Inu Death Cross Confirmed Amid $1.04 Billion Market Crash, $0.000005 Next?
Analysis
Price Impact
HighA confirmed death cross on the 30-minute chart, coupled with a wider market sell-off resulting in over $1 billion in liquidations, points to significant downward pressure on shib's price.
Trustworthiness
HighThe analysis uses established technical indicators (death cross with 50/200 ma) and references market data from coinglass, presented by a recognized crypto news outlet, u.today.
Price Direction
BearishThe dominant technical signal is a death cross on a short timeframe, reinforced by a broader market downturn and heavy liquidations. while a potential double bottom is mentioned, the article emphasizes a 'sequence of lower local highs and lows' and a potential drop to $0.000005 if current support fails.
Time Effect
ShortThe death cross is confirmed on a 30-minute chart, indicating immediate and short-term bearish sentiment and price action. the ongoing market crash and liquidations are recent events influencing short-term volatility.
Original Article:
Article Content:
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Shiba Inu confirmed a death cross on short time frames as the market sell-off continued on Thursday. On the 30-minute chart, the 50 MA has fallen well below the 200 MA as Shiba Inu fell, indicating a "death cross." Advertisement Shiba Inu extended its drop into the third day, falling from a high of $0.00000702 on Feb. 3. Thursday's drop was sharper, with SHIB crashing from $0.00000668 to $0.00000618. While crypto has been in free fall since the earlier part of this week, Thursday's drop was tied to wider market stress. HOT Stories Mark Dow: I Want Bitcoin to Go to Zero Crypto Market Prediction: Will XRP Break Bullish Trap? Shiba Inu's (SHIB) 3 Bullish Targets, Ethereum's (ETH) 300-Day Record Broken SHIB/USD 30 Min Chart, Courtesy: TradingView In the last 24 hours, a total of $1.06 billion were liquidated for cryptocurrencies after global markets saw synchronized selling, with the Nasdaq 100 down and losses spreading across the equity market. Advertisement A total of $894 million in bullish positions were liquidated in the past 24 hours, while short positions came in at $162 million, CoinGlass data shows. You Might Also Like Thu, 02/05/2026 - 09:41 0 Shiba Inu in 24 Hours, SHIB Burn Rate Crashes 100% By Godfrey Benjamin Current uncertainty over interest rates, Federal Reserve leadership and a stronger dollar seem to have impacted market sentiment. Advertisement Unlike equity markets, cryptocurrencies have seen a sell-off in recent months, unable to recover from the October 2025 crash. $0.000005 next? At the time of writing, SHIB was down 8.06% in the last 24 hours to $0.00000626 as major cryptocurrencies posted significant losses. XRP and Zcash saw larger losses, reaching nearly 15%. Shiba Inu is down 17% in a week marked by a brutal sell-off, with nearly half a trillion dollars wiped off from the total crypto market value. SHIB hints at a potential double bottom pattern at a Jan. 31 low of $0.0000061. If this is confirmed, Shiba Inu might see a relief rally if the crypto market rebounds. However, the sequence of lower local highs and lows indicates that selling on the rise remains in the markets. If this is the case, Shiba Inu might aim for support at the $0.000005 level if $0.000006 gives way. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction #Shiba Inu #Federal Reserve