Shiba Inu Faces Technical Setback as Death Cross Emerges on Chart

4h ago•

bullish:

bearish:

In a significant technical development, Shiba Inu’s daily chart has revealed a “death cross” for the first time in 14 months. This bearish signal occurs when the 50-day moving average falls below the 200-day moving average, coinciding with a steep price drop for the cryptocurrency.