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Shiba Inu (SHIB), the dog-themed meme coin, has slipped into troubled territory capable of triggering panic among market participants. According to data, SHIB’s 9-day moving average has slipped under the 26-day moving average, forming a "death cross."

Trading volume jumps despite SHIB death cross

Notably, a death cross formation is a technical signal that traders do not want to see. It typically shows up when the market is weakening and a rally is over.

The formation of a death cross on Shiba Inu’s three-hour chart could suggest that selling pressure might kick in for the meme coin.

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The cross comes following SHIB’s decline below the $0.00001223 support level on the market. The development and the formation of the death cross confirm the meme coin’s bearish twist. This could trigger a free fall in price for SHIB, except for market momentum shifts.

As of press time, the Shiba Inu price was changing hands at $0.00001214, representing a 0.68% decline in the last 24 hours. The meme coin crashed from an intraday peak of $0.00001244 to its current levels.

Despite the decline and death cross formation, Shiba Inu investors have not panicked yet and are actively engaging the asset. Trading volume is up by a significant 17.25% at $221.76 million. This development marks a positive catch as it could catalyze the token in a push for a possible reversal.

Shiba Inu burn rate plummets, Raising supply concerns

However, the Shiba Inu community needs to take steps to support the asset. In the last 24 hours, the ecosystem’s deflationary mechanism has crashed by over 98% as only 223,914 tokens were sent to dead wallets. This is coming less than 48 hours after the burn rate climbed by over 1,000%.

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The drop in this critical metric could substantially increase selling pressure and a further price drop. If ecosystem bulls do not act, Shiba Inu could slip and retest the $0.00001165 support level.

Until a significant rebound occurs, Shiba Inu remains at risk of adding a zero to its price.

Shiba Inu is holding at key support levels, with analysts predicting a possible breakout that could spark a 100–150% surge if resistance finally gives way.TradingView experts highlight $0.000010 and $0.000007 as critical zones, while targets range from $0.000028 in the medium term to $0.000074 if momentum builds.Despite bullish forecasts, current market sentiment remains mixed, leaving SHIB investors waiting on whether patience will pay off or if another rejection is ahead.

$SHIB Inu has always been one of the most unpredictable tokens in the crypto space. The asset’s price action lately has been swinging back and forth—sometimes sharp pumps, sometimes steep drops—with no clear breakout in sight. Even though the broader market is leaning bullish for altcoins, SHIB still seems stuck in a holding pattern, waiting for that “lucky” push that could send it flying. Now, a fresh wave of analysis suggests that moment might not be too far off, hinting at a surge that could change the game.

Signs of a 100% Surge Ahead?
According to recent TradingView data, SHIB might be gearing up for a serious move if it can hold key support zones. One well-followed trader, MMB, argues that Shiba Inu is “lined up” to reclaim higher ground—though it first needs to break out past the tough resistance levels blocking its path. The analysis points toward $0.000003364 as a breakout target, but only if SHIB stays strong above its long-standing $0.000010 support level.
The trader put it plainly: “Two weekly supports—$0.000010 & $0.000007—are strong enough to hold prices like past years, and I think soon those weekly +100% candles will surprise us.” In short, if SHIB holds steady where it is, history could repeat with a sudden, explosive candle to the upside.
Another trader, PouyanTradeFX, made a similar call on TradingView. His analysis suggested that SHIB could surge by 150% if it finally breaks through the stubborn trendline resistance that has capped its rallies for years. His first target? Around $0.000074. But he also warned that if the resistance rejects SHIB again, it could easily slip back toward $0.000011, a reminder that timing trades here is risky.

Looking at the Bigger Picture
Longer-term forecasts also lean optimistic. CoinCodex data projects that Shiba Inu could reach $0.00002851 by February 2026, which would represent a gain of over 120% from current levels. Their indicators paint a mixed picture though—sentiment is still technically bearish, even while the Fear & Greed Index shows “greed” at 60. In the past 30 days, SHIB has had only 43% green days, with around 6.8% volatility.
That leaves investors in a weird middle ground. On paper, the token has the potential for big upside if resistance breaks, but at the same time, current market signals don’t exactly scream “buy.” It’s a waiting game—one where patience might be rewarded, or not, depending on whether SHIB can finally shake off its resistance shackles.