CandleFocus Shiba Inu (SHIB) Golden Cross Denied: Details
2024-11-01
Author: Content Editor
Shiba Inu (SHIB), a cryptocurrency, has shown signs of strength after Bitcoin's surge above $70,000. The market was optimistic, but Bitcoin's inability to maintain this level has affected SHIB and other altcoins. SHIB's upward trend has paused, preventing the confirmation of a golden cross and making the market uncertain without Bitcoin's sustained support. For SHIB to advance, Bitcoin must regain stability above $70,000, and SHIB's support at $0.00001700 is crucial. A pessimistic trend may occur if SHIB breaks below this support, while breaking through the next resistance level at $0.00002000 would support a bullish argument. SHIB's trajectory depends on Bitcoin's stability and market sentiment, and further progress is uncertain without these factors.
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