Shiba Inu has completed its first death cross in 14 months on the daily chart, with the 50-day moving average falling below the 200-day moving average. The signal accompanies a sharp price drop to $0.0000037 on Saturday, an unusually low level for the token. Liquidations across the cryptocurrency market reached $1.96 billion in 24 hours, while stablecoin supply fell by $17 billion in a month, its steepest decline since 2022. After a brief rebound on Sunday, SHIB remains down 6.87% over 24 hours and 14% over the week. The 50-day and 200-day moving averages, both at $0.000005, are now resistance levels, while expected support is located at $0.000003.
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