SHIB’s Death Cross: Bear Trap or Just a Bad Hair Day?

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Well, well, well, looks like Shiba Inu decided to shake off its three-day sulk and bounce back with a 5% jump on Friday. Because, you know, nothing says “I’m fine” like a quick rebound after hitting a high of $0.00000644 on March 16. Drama queen, much?

At the time of writing, SHIB was up 3.84% in the last 24 hours to $0.00000594. And guess what? This little rebound happened right after a death cross pattern on its hourly chart. Yes, the 50 MA dipped below the 200 MA. Cue the tiny violins.

Now, analysts are whispering about a potential bear trap. Because nothing screams “financial wisdom” like a false signal that tricks traders into selling, only to have the price reverse and leave them crying into their coffee. Classic.

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A bear trap, for those not in the know, is basically the financial equivalent of a prank call. The price dips below a key support level, traders panic sell, and then-plot twist-it bounces back, leaving short sellers trapped like a bear in a… well, trap. Hilarious, right?

Shiba Inu briefly hit a low of $0.00000562 after the death cross, then proceeded to post 12 green hourly candles in a row. Because nothing says “I’m not crying, you’re crying” like a rapid recovery.

Shiba Inu price

At press time, Shiba Inu was taking a breather, probably because everyone decided to take profits. Because, you know, short-term rallies are like one-night stands-fun while they last, but don’t expect a commitment.

It’s been a mixed week for crypto. The SEC finally gave us some clarity on Tuesday, sparing mature tokens like Shiba Inu from the dreaded “security” label. So, yay? But let’s not throw a parade just yet.

Shiba Inu briefly flirted with the daily MA 50 at $0.00000607 on Monday, but like a bad Tinder date, it couldn’t commit. Now it’s trying again, hitting an intraday high of $0.00000622. Will it stick? Stay tuned, folks.

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2026-03-20 17:56