Shiba Inu has completed a death cross signal on its 4-hour chart, the first occurrence on this timeframe in October, with the 50-day moving average falling below the 200-day moving average. SHIB price fell for a third consecutive day to trade below the $0.000005 level amid a broader selloff driven by hotter-than-expected US inflation data. The consumer price index rose 0.6% month-over-month, bringing the annual rate to 3.7%, well above the Federal Reserve’s target. SHIB was down 3.88% over 24 hours and 6.66% over the past seven days at the time of writing. If the token continues below key support levels, sellers could expose it to the $0.000004 level, while a defense of support by buyers could push it back above $0.000005 and then $0.000006.
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