Shiba Inu Just Completed Death Cross, How Much Deeper Can Derisking Go?

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. Dog-themed cryptocurrency Shiba Inu (SHIB) is extending its drop over the weekend into the second day. At the time of writing, SHIB was down 3.04% in the last 24 hours to $0.000005780 as the broader crypto saw fresh selling on Sunday. Advertisement CoinGlass data shows $361 million in total liquidations over the past 24 hours across 119,741 traders in the crypto market, with long liquidations accounting for $294 million, about 85% of the total. Short liquidations only amounted to $67.43 million. This shows how one-sided the positioning was, heading into the weekend with several traders expecting prices to increase. You Might Also Like Thu, 03/19/2026 - 12:50 -141 Billion Shiba Inu Netflow Printed as Demand Surges By Caroline Amosun HOT Stories No, XRP Is Not Financial Instrument in Japan Yet, $25 Million Stolen via 200,000 USDC Trade in Resolv Labs Hack, 120 Billion Shiba Inu (SHIB) Exits Exchanges: Are Whales Back? — Morning Crypto Report $15 XRP? Ripple CTO Emeritus Responds to Critic With Surprise Take Macro conditions continue to weigh on sentiment, with crypto markets trading cautiously following the Federal Reserve’s latest policy stance, wherein the central bank held interest rates steady. Advertisement Shiba Inu completes hourly death cross Shiba Inu has just completed a death cross on its hourly time frame with the MA 50 declining below the MA 200 as SHIB's price fell. SHIB/USD Hourly Chart, Image By: TradingView This comes on the heels of a golden cross, which appeared on the SHIB hourly chart on Saturday as the crypto market showed subtle indications of a rebound. You Might Also Like Fri, 03/20/2026 - 14:34 Shiba Inu Bear Trap? SHIB Hourly Death Cross Fails to Stop 5% Price Jump By Tomiwabold Olajide Advertisement However, the golden cross was quickly invalidated as the market fell on Sunday as investors considered macro concerns. The ongoing market sell-off comes on top of a broader decline that started in early October, which has caused sentiment to decline enough to stop fresh rallies from gaining enough steam to achieve a sustained breakout. In this light, caution remains in the market, with the Crypto Fear and Greed Index unable to exit the fear zone and is currently at 27, which is "fear," according to CoinMarketCap. Short-term structure remains weak for Shiba Inu, with recent recovery attempts stalling below $0.000006. Immediate support is expected at $0.00000562 as SHIB's price remains below prior support levels that have now turned into resistance. #Shiba Inu (SHIB) News #Shiba Inu (SHIB) Price Prediction #Shiba Inu