Shiba Inu (SHIB) Rare Death Cross To Appear in Weeks: Details
2025-07-08 11:35:37
Main Idea
Shiba Inu (SHIB) is approaching a rare death cross on its weekly chart, which could indicate potential bearish trends, while key support levels and market sentiment remain crucial for its price movement.
Key Points
1. Shiba Inu (SHIB) is nearing a death cross on its weekly chart, where the 50-week SMA may fall below the 200-week SMA, a bearish technical signal.
2. A death cross often coincides with extended periods of market weakness or sideways trading, especially with declining volume and poor sentiment.
3. The $0.00001 level has acted as strong support for SHIB this year, potentially serving as a rebound point if prices decline.
4. Despite the bearish signal, SHIB's price could rally significantly to reach 2024 highs of $0.000045 depending on overall market sentiment.
5. At the time of reporting, SHIB was up 0.17% in 24 hours, trading at $0.00001178.
Description
This would be first time for Shiba Inu
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