Golden Cross or Death Cross... Shiba Inu's Silence, What Will Be the Outcome?
Golden Cross or Death Cross... Shiba Inu's Silence, What Will Be the Outcome?
Shiba Inu (SHIB) is continuing its directionless sideways movement, rejecting both golden cross and death cross signals between major moving averages, further heightening extreme uncertainty in the market.
According to cryptocurrency-focused media outlet The Crypto Basic on February 11 (local time), despite its recent price decline, Shiba Inu has failed to generate a decisive moving average crossover signal that could determine its future trend. Typically, SHIB has frequently displayed bullish or bearish signals as the 50-day and 200-day moving averages intersect. However, the two indicators are currently moving in parallel, remaining silent. The outlet analyzed this as a rare case reflecting the intense wait-and-see sentiment and liquidity stagnation prevailing across the broader meme coin market.
Technical analysis shows that SHIB’s price has drawn a downward curve over the past few days, precariously holding above the psychological support level of $0.000006. The Relative Strength Index (RSI) remains around 49, within neutral territory, indicating that neither buyers nor sellers hold a decisive advantage. Market analysts noted that while major cryptocurrencies such as Bitcoin (BTC) fluctuate amid policy-driven volatility, Shiba Inu has been drifting without finding a clear catalyst for rebound.
Market anxiety is also evident in changes in derivatives trading volume and open interest. Recently, SHIB’s futures trading activity surged by about 16%, which is interpreted not as confidence in a price rally but rather as an increase in speculative approaches targeting short-term volatility. Christopher Inks, CEO of TexasWest Capital, assessed that while Bitcoin consolidates at its bottom range, market conditions remain unfavorable for altcoins like Shiba Inu to stage an independent rally.
On the supply side, the astronomical circulating volume of 589.55 trillion SHIB acts as a formidable resistance barrier to price appreciation. Although community-driven token burn efforts continue, analysts widely agree that without a substantial reduction in circulating supply, any technical crossover signal would likely result in only limited upside. Investors are maintaining a cautious stance until a Golden Cross—where the 50-day moving average breaks above the 200-day moving average—appears.
Amid the current technical signal vacuum, Shiba Inu remains highly sensitive to accumulation moves by whale investors and shifts in macroeconomic indicators. Until a breakout occurs in either direction—whether a Golden Cross or a Death Cross—the ongoing tedious range-bound movement is likely to persist. Market participants are closely monitoring indicator changes while preparing for the risk of large-scale liquidations should the price fall below key support levels.
Disclaimer: This article is provided for investment reference purposes only, and we are not responsible for any investment losses incurred based on its content. The information should be interpreted for informational purposes only.
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