Shiba Inu (SHIB) has seen a rebound in its price after experiencing a death cross, a bearish signal in technical analysis. Despite the death cross, SHIB has displayed several green days and is currently up 2.22% in the last 24 hours, trading at $0.00001555. The recent drop in price was driven by market reaction to a major heist on the Bybit exchange, but SHIB has since rebounded. For a sustained bullish trend, SHIB needs to overcome resistance levels at $0.00001821 and $0.00001926. Traders are speculating whether the rebound indicates a price bottom for SHIB, but continued monitoring is necessary to determine if the current rebound will turn into a sustained rally.



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