Shiba Inu

Long

bullish

Shiba

<p style="text-align: justify">A Golden Cross pattern has appeared on <a href="https://en.coin-turk.com/shiba-inu-burns-surge-prompting-caution-from-community-leaders/" rel="noopener noreferrer nofollow">Shiba</a> Inu’s (SHIB) daily chart as the 50-day moving average crossed above the 200-day moving average, an event often interpreted by technical traders as a bullish indicator. This marks the first occurrence of such a crossover for SHIB since November 2024.</p>
<h2 id="sharp-sell-off-follows-bullish-signal">Sharp sell-off follows bullish signal</h2>
<p style="text-align: justify">Despite the optimism surrounding this technical event, SHIB’s momentum quickly faded when it met aggressive selling pressure in tandem with a broader market downturn. The token saw a brief recovery from $0.00000550 and attempted to consolidate at $0.00000625 before dropping sharply. Over the last 24 hours, SHIB lost 5.72%, falling to $0.00000545 and now trading near the psychologically significant $0.00000550 support level.</p>
<p style="text-align: justify">The ongoing decline intensified scrutiny of price support at this zone, where key moving averages converge. The Relative Strength Index (RSI) has also retreated to 45.30, reflecting a loss of earlier buying momentum and pointing to increasing market uncertainty.</p>
<h2 id="liquidations-accelerate-losses-and-volatility">Liquidations accelerate losses and volatility</h2>
<p style="text-align: justify">The situation deteriorated further in the derivatives market, as CoinGlass reported that SHIB’s price reversal contributed to forced liquidations exceeding $634 million in trader positions in the past day. Long positions accounted for $572.36 million of these losses, while shorts suffered $61.91 million.</p>
<blockquote>
 <p>Over-leveraged traders, especially those in long positions, saw a significant wipeout after SHIB failed to sustain its brief upsurge, heightening caution across the market.</p>
</blockquote>
<p style="text-align: justify">These extensive liquidations drained liquidity from SHIB, which has a history of high volatility and false breakouts. The last notable failed reversal attempt occurred in August 2025, forming what is commonly described as a bull trap.</p>
<p style="text-align: justify">If SHIB loses support below $0.00000530 in the face of continued selling and forced liquidations, technical analysts warn that the recently formed Golden Cross may be invalidated, potentially sending the price below $0.00000450 and resuming its downward trajectory.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Indicator</th>
   <th>Latest Value</th>
   <th>Trend/Significance</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Price</td>
   <td>$0.00000545</td>
   <td>Down 5.72% in 24 hours</td>
  </tr>
  <tr>
   <td>Support Zone</td>
   <td>$0.00000550</td>
   <td>Testing support, key moving averages converge</td>
  </tr>
  <tr>
   <td>Long Positions Liquidated</td>
   <td>$572.36 million</td>
   <td>Majority of liquidations</td>
  </tr>
  <tr>
   <td>Short Positions Liquidated</td>
   <td>$61.91 million</td>
   <td>Minority of liquidations</td>
  </tr>
  <tr>
   <td>RSI</td>
   <td>45.30</td>
   <td>Neutral, fading momentum</td>
  </tr>
 </tbody>
</table>
<h2 id="long-term-prospects-hinge-on-fundamentals">Long-term prospects hinge on fundamentals</h2>
<p style="text-align: justify">Despite the ongoing market stress, some investors remain optimistic about SHIB’s long-term outlook, citing the token’s planned integration into the <a href="https://en.coin-turk.com/solana-targets-98-as-traders-watch-124-dollar-hurdle/" rel="noopener noreferrer nofollow">Solana</a> blockchain as a potential catalyst for renewed adoption and use case expansion.</p>
<p style="text-align: justify">SHIB, launched as a meme-inspired cryptocurrency, has developed a significant community and is seeking to strengthen its ecosystem through technical upgrades and cross-chain developments.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Solana blockchain, a high-performance blockchain network known for its fast transaction speeds and low costs, supports the development of decentralized applications and enables interoperability with various digital assets.</p>
<p style="text-align: justify">Should SHIB stabilize above current price levels, analysts believe the market could absorb recent liquidation pressures and possibly confirm the Golden Cross signal. A successful consolidation may open the path toward intermediate price targets of $0.00000650, and potentially approach the $0.00001000 mark, a psychologically relevant threshold for traders.</p>
<blockquote>
 <p>Market watchers continue to monitor SHIB for resilience at support, while weighing technical signals and upcoming developments within its ecosystem as determining factors for the meme token’s near-term outlook.</p>
</blockquote>
<p>The post <a href="https://en.coin-turk.com/golden-cross-appears-as-shiba-inu-drops-5-7yuzde-572-million-in-longs-liquidated/" rel="noopener noreferrer nofollow">Golden Cross appears as Shiba Inu drops 5.7%, $572 million in longs liquidated</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Golden Cross appears as Shiba Inu drops 5.7%, $572 million in longs liquidated

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