CandleFocus Shiba Inu (SHIB) on Verge of Death Cross: Possible Scenarios
2024-12-26
Author: Content Editor
The price of the meme-inspired cryptocurrency Shiba Inu (SHIB) has dropped by over 35% in the past two weeks and may face further losses. A "death cross" formation, where a lower-order moving average crosses a higher-order moving average from top to bottom, suggests bearish trends and a medium-term downtrend. The price currently has a strong support level between $0.00001715 and $0.00001875 per SHIB, but a break below this range could result in a further decline to $0.0000145 per token, where the next support zone is located.
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