On the upside, resistance sits near $0.0000066, with heavier supply around $0.0000072 and $0.0000078. For any real recovery to take shape, SHIB would need to reclaim those zones and climb back above its short-term moving averages. Without that, rallies risk turning into short-lived relief bounces.
It is also important to remember that death crosses are lagging indicators. They confirm what has already happened. They do not guarantee that a fresh crash is coming. Sometimes they appear right before a short squeeze or bounce, especially if the market is already stretched to the downside.
At this point, SHIB is at a technical crossroads. The chart looks fragile, but the $0.0000060 level is still in play. Whether it holds or breaks will likely decide the next meaningful move.
FAQs
Will SHIB recover after the recent death cross?
Recovery depends on reclaiming $0.0000066 and holding support. Without that, rallies may remain short-term relief bounces.
Could SHIB drop to $0.0000050 next?
Yes, if $0.0000060 fails decisively, downside momentum could extend toward the $0.0000050 support region.
Is SHIB bullish or bearish right now?
Short-term structure leans bearish due to lower highs and the death cross, but support at $0.0000060 remains critical.
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