CandleFocus Shiba Inu Faces Price Correction After Golden Cross Amid Focus on Key Support Levels
2024-11-18
Author: Content Editor
The recent golden cross of Shiba Inu (SHIB) has generated market excitement, but a subsequent retracement has drawn attention to key support levels. Despite positive indicators, SHIB's price has been volatile lately. The golden cross, where the 50-day moving average surpasses the 200-day moving average, commonly signals a bullish trend in cryptocurrency trading. However, optimism was quickly dampened by a sharp price correction, leading traders to reassess their positions due to market volatility.
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