A rare death cross signal has emerged on Shiba Inu’s weekly chart, sparking debate among traders about the coin’s future. This technical indicator, signifying short-term bearish momentum, suggests a potential decline in SHIB’s value. However, some analysts point out that this event may not accurately predict future price movements, citing past price action as an alternative explanation. The 50-week moving average now lies below the 200-week MA, forming a death cross. This alignment has traders cautiously watching key support levels for potential rebounds. While SHIB trades near $0.000008-$0.000009, analysts remain optimistic about potential rallies pushing it towards the previously mentioned $0.0000773 mark or beyond.