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Shiba Inu's rare Golden Cross triggers but faces sharp sell-off and $572M liquidations.

Technical Signals
07 Oct 2026
UToday
View Source
Neutral
Shiba Inu's rare Golden Cross triggers but faces sharp sell-off and $572M liquidations.

Shiba Inu (SHIB) formed a rare Golden Cross on its daily chart, signaling a potential bullish trend for the first time since November 2024. However, this technical breakout quickly met heavy selling pressure, causing a 5.72% price drop and triggering $572 million in long position liquidations within 24 hours. The price is now testing a key support level around $0.00000550, with risks of further decline if this level fails. Despite short-term challenges, long-term optimism remains due to SHIB's planned integration with the Solana blockchain, which could support future price gains if the current support holds.

Shiba Inu's market cap on Pluang stands at Rp57.45 trillion as of Oct 07, 2026 20:25 WIB, with a 24-hour trading volume of Rp1.55 trillion. Despite the news of a Golden Cross breakout followed by a sharp price drop, SHIB is currently priced at Rp0.0971 on Pluang, down 7.50% in the last day. The platform shows a higher sell order activity at 63%, reflecting cautious sentiment among traders, with a typical holding period of 106 days.

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