- Shiba Inu price drops over 20% after “death cross”.
- Bears dominate following technical chart patterns.
- No comments from founders on recent market shifts.
The Shiba Inu price drop by over 20% recently is attributed to a “death cross” forming on its charts in June 2025, with no official comments from the lead developers. This trend is significant due to its potential impact on investor sentiment and SHIB market performance.
Shiba Inu has been caught in a bearish wave, with the “death cross” forming as the 50-day moving average fell below the 200-day. This technical pattern often signals further price declines.
Recent weeks saw no statements from Ryoshi or Shytoshi Kusama, despite the entrenched market weakness. As Shytoshi Kusama, Lead Developer of Shiba Inu, stated, “As of June 21, 2025, there are no official statements on the public Twitter/X or blog accounts regarding the death cross or recent price action.” The downtrend aligns with previous instances when such patterns indicated prolonged bearish periods.
Market impacts are evident, with SHIB trading near $0.0000115, influenced by macroeconomic pressures beyond the cryptocurrency’s direct control. Broader market conditions and lack of institutional changes emphasize the technical downturn.
Potential outcomes remain uncertain, with historical data suggesting extended declines. SHIB’s bearish sentiment continues with no immediate rebound signals. Investors may face ongoing challenges navigating this complicated market phase.
