Shiba Inu Price Drops After Death Cross Signal Emerges

Key Insights:

• Shiba Inu confirmed a death cross on the hourly chart as the 50 MA crossed below the 200 MA, signaling short-term weakness.

• Price declined from $0.00000724 to $0.00000612 this week, while traders monitor resistance at $0.0000072 and key support levels.

• K9 Finance issued a Feb. 25 sunset deadline, urging users to withdraw assets as its foundation model shuts down.

Shiba Inu completed a death cross on its hourly chart after the 50-hour moving average fell below the 200-hour moving average. This crossover emerged as the token extended losses that began earlier this week. Consequently, short-term momentum shifted as traders reacted to the technical signal.

SHIB recorded three straight days of gains last week and reached $0.00000724 on Feb. 14. However, buyers failed to push beyond that level, and upward pressure weakened. Moreover, price action reversed on Sunday and continued lower despite a brief pause on Monday.

Selling Pressure Intensifies

Selling resumed after the short pause, driving SHIB to a weekly low of $0.00000612 on Feb. 19. At the time of reporting, the token traded near $0.000006201, reflecting a modest daily decline. Hence, the broader trend remained under pressure following the hourly crossover.

Source: TradingView

A doji candle formed on the daily chart, signaling a balance between buyers and sellers. This pattern reflects hesitation as market participants wait for a stronger direction. Additionally, trading volumes showed limited conviction during the recent decline.

Investors now look toward key United States economic releases scheduled for Friday morning. Significantly, these data points often influence risk assets, including digital tokens.

Key Levels Shape Near-Term Outlook

Immediate resistance stands near $0.0000072 and $0.0000074, areas where sellers recently regained control. On the downside, support appears at $0.00000575 and $0.000005 if declines extend further. Consequently, traders continue to monitor these zones as volatility persists.

Separately, K9 Finance set a Feb. 25, 2026, deadline as it moves into a formal sunset phase. The team urged users to withdraw all assets from Bonecrusher before that date. Moreover, it confirmed that issues related to knBONE detection should now be resolved.

Earlier this month, K9 announced that it would discontinue its existing foundation-based operational model. A governance vote within the associated decentralized autonomous organization supported ending the current structure. Consequently, the DAO may continue independently without formal ties to the original foundation.