Shiba Inu in Trouble as Technical Signals Flash Bearish – Where Next for SHIB Price?

Description

The Shiba Inu (SHIB) bears remain very much in control on Monday, as bearish technical signals flash, warning that more near-term downside is likely. Since the end of February, the SHIB price has rejected retests of key moving averages on multiple occasions, suggesting that appetite amongst the bears remains weak. On January 31, Shiba Inu rejected a retest of its 200DMA, sending a signal that medium-term market momentum had swung decisively bearish. And recent rejections of the 21DMA in recent d...