Shiba Inu (SHIB) is on the verge of a breakdown that has never happened before on its weekly chart, with the 50-week moving average slipping closer to crossing below the 200-week — a setup traders call a "death cross."
It is a signal that typically appears in the later stages of a weakening market, and when it shows up on higher time frames like this, it means something more serious.
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The SHIB price is holding around $0.00001120, but it is finding it hard to stay above long-term support. That zone has been a base a few times in the last few years.
The price tried to rally in May but got knocked back at $0.00001330, right where the two averages started closing in on each other. That rejection area has now turned into firm resistance, and the price has slowly gone down since then.
What makes this development notable is thatSHIB has never done this before — not on a weekly chart, at least. At the moment, the two moving averages are less than 5% apart. If the cross completes, it will be a game-changer for SHIB's long-term trajectory.
These patterns do not automatically trigger a crash, but they usually happen alongside a slowdown, either pushing the price down or keeping it in a tight range for months.
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Unless something changes, the token might drop to below $0.00001000 because it is losing momentum and the technicals are looking a bit bearish. If that happens, the next stretch down could see prices that have not been seen since early last year.
This might not be a sensational headline, but it could have a big impact on SHIB's performance for the rest of the year. It is a rare setup, and it is almost confirmed.
