Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days

Shiba Inu sees short term selling pressure leading to loss of key support.

Tomiwabold Olajide · 17 May 2026 · 4 min read

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Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days

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By
Tomiwabold Olajide

Sun, 17/05/2026 – 10:57

Shiba Inu sees short term selling pressure leading to loss of key support.

Shiba Inu Short Death Cross Confirmed, 10% Drop Recorded in Days

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Shiba Inu erased gains from the past week as major cryptocurrencies recorded declines that pushed prices lower. At the time of writing, SHIB was recording 10% losses on a weekly basis.

The last two days saw sharp selling for Shiba Inu alongside the broader crypto market. A selloff in riskier assets swept through cryptocurrency markets as concerns over inflation rattled jittery investors. The crypto declines came in tandem with drops in stock and bond markets.

Shiba Inu has declined since reaching a high of $0.00000668 on May 11, marking four out of five days of losses since this day.

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*SHIB/USD Weekly Chart, Image By TradingView*

The selling intensified towards the weekend as back-to-back hot CPI and PPI prints earlier in the week contributed to traders betting that the Federal Reserve might hike interest rates rather than cut them.

SHIB loses major support

The drop saw Shiba Inu falling below the daily MA 50, a level which it had held above since mid-April. This also coincided with a loss of the $0.000006 level.