Shiba Inu Forms First 4-Hour Death Cross Setup in October: Potential Scenarios

Bitget

News

CryptoNewsNet2026/10/14 18:57

By:CryptoNewsNet

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Back to the list

Shiba Inu Forms First 4-Hour Death Cross Setup in October: Potential Scenarios

u.today 31 m

Shiba Inu Forms First 4-Hour Death Cross Setup in October: Potential Scenarios image 1

Shiba Inu has completed a death cross signal on its 4-hour chart, the first occurrence of such a signal on this timeframe in October. The MA 50 has fallen below the MA 200 on the 4-hour chart, a death cross.

This comes against the backdrop of a tough run for $SHIB, whose price fell for a third day in a row to trade below $0.000005. Similar bearish crossovers have appeared on other short-term timeframes since October's start, including the hourly, 2-hour, and 3-hour charts, as $SHIB struggled to maintain its upward momentum.

Shiba Inu Forms First 4-Hour Death Cross Setup in October: Potential Scenarios image 2

$SHIB/USD 4-Hour Chart, Courtesy: TradingView

At the time of writing, $SHIB was significantly down on a 24-hour basis as the markets reacted sharply to hotter-than-expected CPI data.

Consumer prices increased again, keeping the inflation rate well above the Federal Reserve's goal. The consumer price index rose a seasonally adjusted 0.6% for the month, putting the 12-month rate at 3.7%, the Bureau of Labor Statistics reported Wednesday.

Fed officials responded in September by approving their first interest rate hike in more than three years, a quarter-percentage-point move that took the benchmark funds rate to a target range of 3.75%–4%. Markets expect the Fed to skip an October increase but to hike again in December.

Potential scenarios

At the time of writing, $SHIB was down 3.88% in the last 24 hours to $0.000005015 amid a weeklong selloff and is down 6.66% over the past seven days.

The recent selloff has brought $SHIB beneath its moving averages, supporting the bearish short-term setup. If $SHIB continues to trade below important support levels, sellers could continue to have the upper hand, potentially exposing it to lower levels; in this case, the $0.000004 level.

However, the crossover alone would not confirm a deeper correction. Traders would also need to watch for price action, trading volume, and whether buyers defend nearby support, which could see $SHIB back above $0.000005 and then $0.000006.

Alternatively, $SHIB could continue to range trade as the short-term bearish signals enter a tug of war with the earlier bullish daily-chart crossover.

Top 5 Cryptocurrencies

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

With the September inflation data exceeding expectations and further strengthening the Fed's rate hike outlook—coupled with rare warnings from the CEOs of Broadcom and Intel about financing bottlenecks in AI infrastructure—the global AI-themed trade, centered on semiconductors, experienced a massive sell-off in the past week.

智通财经•2026/10/15 00:51

Defying the Market Downturn! Apple Joins the $5 Trillion Club

On Wednesday, the S&P 500 fell more than 1%, but Apple defied the trend, with its market capitalization officially surpassing $5 trillion, becoming the second company worldwide to reach this milestone after Nvidia. This market value breakthrough coincides with Cook stepping down and new CEO Ternus taking over. However, challenges such as Apple's shortcomings in AI and OpenAI's ambitions in hardware are creating undercurrents at the top of this $5 trillion summit.

华尔街见闻•2026/10/15 00:46

Defying the Market Downturn! Apple Joins the $5 Trillion Club

CoreWeave Dilemma for Nvidia: Forced to Rescue or Stand By?

As both a shareholder of CoreWeave and its sole GPU supplier, Nvidia now faces a dilemma after the sharp decline in CoreWeave's stock price. If it intervenes, each rescue strengthens expectations of a safety net, raises the threshold for future rescues, and risks getting further entangled in this high-leverage game. If it does not intervene, CoreWeave's liquidity crisis will directly cut off demand for GPU purchases, simultaneously devaluing Nvidia's equity investment and severely damaging its market reputation.

华尔街见闻•2026/10/15 00:21

US CPI Heats Up Across the Board, Triggering "Inflation Spiral" Alert; October Rate Hike Odds Once Hit 50%. "New Fed News Agency": Watch Waller's Speech This Week

After the CPI was released, the market-implied rate hike probability first rose to 50% before falling back to 40%. Wall Street generally believes that whether action will be taken in October still depends on how the Federal Reserve assesses inflation trends. "The New Fed News Agency" noted that, unlike in August when price increases were concentrated in certain items, the stronger-than-expected performance of September's core CPI was more broad-based, further reinforcing the case for a December rate hike. The speech by Waller on Friday morning Beijing time is his last public statement before the Fed's blackout period ahead of this month's meeting. Economists are warning about an "inflation spiral," with real purchasing power and midterm election pressures interweaving.

华尔街见闻•2026/10/14 23:02