Shiba Inu confirmed an hourly death cross after the 50-hour moving average dropped below the 200-hour moving average, pointing to weaker short-term momentum. The token has extended losses seen earlier this week, falling from $0.00000724 on Feb. 14 to a weekly low of $0.00000612 on Feb. 19. At the time of reporting, SHIB was trading near $0.000006201, showing only a modest daily decline but still sitting under pressure.
Failed push higher gave way to renewed selling
SHIB had posted three consecutive days of gains last week and climbed to $0.00000724 on Feb. 14. That move stalled. Buyers could not force a breakout above the area, and the upward push faded quickly. Price action then turned lower on Sunday and kept sliding after a brief pause on Monday.
A doji candle appeared on the daily chart, showing a temporary balance between buyers and sellers. The setup reflects hesitation rather than commitment. Trading volume also showed limited conviction during the recent pullback, leaving the market without a strong confirmation signal in either direction.
Resistance at $0.0000072 stays in focus
Traders are now watching $0.0000072 and $0.0000074 as the nearest resistance levels, where sellers recently regained control. On the downside, support is seen around $0.00000575 and $0.000005 if losses deepen. These zones are shaping the near-term trading range as volatility remains elevated.
The report also noted that key U.S. economic releases are scheduled for Friday morning. Those data points often affect risk assets, and digital tokens are part of that group, so market participants are waiting for a clearer directional cue.
K9 Finance sets asset withdrawal deadline
Separately, K9 Finance said it will move into a formal sunset phase on Feb. 25, 2026. The team urged users to withdraw all assets from Bonecrusher before that date. It also said issues tied to knBONE detection should now be resolved.
Earlier this month, K9 Finance announced that it would end its current foundation-based operating model. A governance vote in the related decentralized autonomous organization supported shutting down that structure. Based on the project update, the DAO may continue on its own without formal ties to the original foundation.