The price of the dog-themed cryptocurrency Shiba Inu (SHIB) has been trading down, experiencing a 0.21% daily decrease to $0.00001538. It has also seen weekly losses of nearly 7%. The price drop coincides with the appearance of a death cross on SHIB's daily charts, which is the first major death cross in 2025. This bearish technical indicator suggests that downward momentum may persist. The cryptocurrency market as a whole is facing selling pressure due to macroeconomic concerns, with Bitcoin and altcoins experiencing losses. SHIB's price has been declining since January and is down 18.64% in February. If the recent death cross plays out, SHIB may seek to establish a price bottom before making a major price move. A decisive break above certain daily moving averages would indicate strength for bulls and potentially allow SHIB to escape its current range.



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