Shiba Inu death cross on the hourly chart is a short-term bearish signal that occurred when a faster moving average crossed below a slower one, but the SHIB price quickly rebounded from $0.000012, invalidating the immediate downside and signaling mixed momentum for traders.
Hourly death cross formed then invalidated by rebound
SHIB fell to $0.000012 then rose to $0.00001246 as market reacted to jobs data
Daily chart moving average crossover (golden cross) now in focus for medium-term direction
Shiba Inu death cross: immediate market context and next steps — track SHIB price action now for trade-ready signals.
What is the Shiba Inu death cross and why did it appear on the hourly chart?
The Shiba Inu death cross is a technical pattern that occurs when a short-term moving average crosses below a longer-term moving average, signaling increasing short-term selling pressure. On the hourly chart this formed after short-term selling ahead of U.S. jobs data pushed SHIB lower to roughly $0.000012.
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The hourly death cross coincided with an intraday low of $0.000012, but bears were stunned as SHIB staged a sharp rebound to $0.00001246. At press time SHIB traded up 2.28% over 24 hours, reflecting a market-wide uplift after weaker-than-expected jobs figures from the Bureau of Labor Statistics.
Short-term signals such as an hourly death cross are useful for intraday traders, but they can be invalidated quickly in oversold conditions. In this instance, selling pressure ahead of employment data created the crossover, yet buyers stepped in near support and triggered a rebound.
SHIB’s rebound followed a market reaction to a Bureau of Labor Statistics report showing slower jobs growth in August. Slower job creation lowered immediate rate-hike pressure expectations for the Federal Reserve, improving risk appetite across crypto and providing buying interest at oversold levels for SHIB.
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