Shiba Inu Price Drops 24% Within a Week as Death Cross Forms
Shiba Inu's short-term price action might be in jeopardy as a negative moving average (MA) cross appears on its four-hour chart. The moving average (MA) 50 of Shiba Inu's price crossed below the moving average (MA) 200 on the four-hour chart, forming a negative cross, or bearish "death cross."
The Shiba Inu four-hour chart provides important information about its short-term price movement, with MA crossings occurring at price peaks and lows. Such a negative cross occurred in late August, and in the weeks that followed, the SHIB price dropped from a high of $0.00001483 on Aug. 25 to a low of $0.0000092 on Oct. 14. A positive cross was produced by the rise in late October.
Source
@Doge_ShibaInu
