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Shiba Inu suffers steep decline amid crypto market turmoil
Shiba Inu fell to low of $0.0000085 during recent crash before recovering.
- Severe impact. Shiba Inu ($SHIB) ranks among the worst-hit assets following Friday’s flash crash
$XRP just locked in a death cross against Bitcoin as the 23-day moving average fell under the 200-day, the kind of textbook bearish signal traders better not dismiss. The pair trades at 0.00002247 $BTC with Bitcoin quoted near $111,000, and $XRP’s price is at $2.49 in dollar terms.
- Loss of support. $SHIB broke below the key $0.000010 level, a crucial psychological and technical support.
The formation arrives on the back of last week's violent liquidation, when $XRP/$BTC collapsed to 0.000013 $BTC before recovering. That spike low was temporary, but the chart now shows what happens after panic fades: rallies start hitting a ceiling. The moving averages cluster near 0.00002400–0.000025 per $BTC, and until $XRP clears that band, it is capped.
The last time this happened was in 2022: the cross dragged on for months, not days. This time, the backdrop looks worse. Bitcoin dominance has surged, altcoin liquidity is thinner and post-liquidation order books leave $XRP exposed.
$XRP confirms bearish death cross against Bitcoin
$XRP prints a dangerous death cross versus Bitcoin, and here's the worst scenario.
- Death cross confirmed. $XRP has officially formed a death cross against Bitcoin as the 23-day moving average dropped below the 200-day
$XRP just locked in a death cross against Bitcoin as the 23-day moving average fell under the 200-day, the kind of textbook bearish signal traders better not dismiss. The pair trades at 0.00002247 $BTC with Bitcoin quoted near $111,000, and $XRP’s price is at $2.49 in dollar terms.
- Aftermath of liquidations. The cross follows last week’s violent liquidation event.
The formation arrives on the back of last week's violent liquidation, when $XRP/$BTC collapsed to 0.000013 $BTC before recovering. That spike low was temporary, but the chart now shows what happens after panic fades: rallies start hitting a ceiling. The moving averages cluster near 0.00002400–0.000025 per $BTC, and until $XRP clears that band, it is capped.
The last time this happened was in 2022: the cross dragged on for months, not days. This time, the backdrop looks worse. Bitcoin dominance has surged, altcoin liquidity is thinner and post-liquidation order books leave $XRP exposed.
A pullback into the mid-0.00001800s would cut the dollar price under $2 if $BTC stays above six figures. That is the hidden risk the chart is portraying.
$DOGE jumps 13%
Dogecoin returns to green as $436 million shorts gets obliterated in market.
- Historic flash crash. The crypto market is staging a modest recovery following a weekend of extreme volatility that saw $19 billion in liquidations on Friday
The crypto market is seeing a recovery after a weekend marked by significant volatility, with billions of dollars erased in liquidations. Friday saw a tariff-driven flash crash on crypto assets, with $19 billion in liquidations, the largest ever for crypto.
Discover more crypto Crypto $XRP Ledger $XRP cryptocurrencies Ripple Cryptocurrency Shiba Inu investment Find crypto airdrops Dogecoin likewise fell, crashing to a low of $0.15, a level last seen this year in June, extending a drop from a high of $0.27 on Oct. 6.
- First green candle in days. On Sunday, $DOGE posted its first green candle after three consecutive days of decline.
On Sunday, Dogecoin saw its first green candle after three straight days of dropping, with a significant recovery pushing its price from $0.18 to $0.214, and more importantly, the daily SMA 200 at $0.206.$DOGE has gained nearly 13% on a daily basis as discounted valuations enticed bargain hunters.