Shiba Inu 2-Hour Chart Completes Death Cross as Price Tests Key Support

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 has completed a "death cross" pattern on its two-hour chart even as the broader market faces volatility with nearly half a billion dollars in liquidation. Advertisement The crypto market is facing selling pressure early Monday session as renewed trade tensions and tariff uncertainty weigh on risk assets. In the last 24 hours, a total of $485 million has been liquidated across the crypto market, according to CoinGlass data . In this time frame, the crypto market shed another $100 billion in value, according to CoinGecko data. HOT Stories Morning Crypto Report: 12.25 Million XRP Leave OKX by February, Cowen Projects March Bitcoin Peak, USDT Liquidity Now Mirrors 2022 Bottom Crypto Market Review: XRP's Double Bottom Could Be Key, Bitcoin Is Literally on the Edge, Shiba Inu (SHIB) Price Is Trapped Now You Might Also Like Fri, 02/20/2026 - 15:11 Shiba Inu Faces Short-Term Pressure as Hourly Death Cross Forms By Tomiwabold Olajide Advertisement Shiba Inu, alongside the majority of cryptocurrencies, fell as the market continued to trade in line with broader macro and trade headlines. At the time of writing, Shiba Inu was down 1.59% in the last 24 hours to $0.00000614, extending weekly losses to 7.41%. Shiba Inu forms death cross as price tests key support Shiba Inu created a "death cross" pattern on the two-hour chart as the 50 MA fell below the 200 MA. SHIB/USD 2-Hour Chart, Image By TradingView This appearance of this technical signal came as Shiba Inu saw a sharp plunge to a low of $0.00000590 on the two-hour chart. Advertisement You Might Also Like Mon, 02/23/2026 - 09:38 Shiba Inu (SHIB) Price Loses Ground Under $0.000006: Next Levels to Watch By Arman Shirinyan Shiba Inu appears to be confirming the $0.00000590 low as support as its price rebounded thereafter and now trades at $0.00000614 at press time. As seen on the daily chart, Shiba Inu's drop from Feb. 21 is entering its third day. This follows a broader market decline, which analysts say was contributed largely to by weak liquidity and low conviction on the market. The next resistance targets for Shiba Inu lie at $0.00000733 and $0.00000968. Support lies at $0.00000590 ahead of $0.00000575. The broader crypto market recovery will be watched with respect to the Shiba Inu price rebound; analysts believe digital assets are more likely to move with broader risk sentiment rather than on purely crypto specific catalysts. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction #Shiba Inu