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Shiba Inu hits hourly death cross amid $441M crypto liquidations, signaling short-term bearish pressure.

Technical Signals
28 Mar 2026
UToday
View Source
Bearish
pluang ai news

Shiba Inu's price chart formed an hourly death cross as the crypto market experienced a significant sell-off, leading to $441 million in liquidations. This technical indicator, where the 50-hour moving average crosses below the 200-hour moving average, suggests short-term bearish momentum. Despite this, Shiba Inu's open interest rose by 7.79% to $53.24 million, indicating increased trader activity and potential position adjustments. The price is currently testing resistance at the one-hour 50 MA, with a possible target near the 200 MA if it breaks through, making upcoming price movements critical to watch amid broader market uncertainty.

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