The Shiba Inu cryptocurrency is showing signs of a possible recovery after a recent sell-off, but it may be hindered by a potential death cross. The asset has experienced a modest recovery and is currently trading at $0.000016. However, technical indicators suggest that a death cross could occur, which is a bearish signal that often leads to prolonged downtrends. The convergence of two moving averages raises the possibility of this formation. Increased trading volume during the recent price action is unclear in its nature, with some traders accumulating while others may be using the recovery to exit, increasing downward pressure. If SHIB can hold above $0.000015, it may see a stronger recovery towards $0.0000189, but breaching this level could lead to a more severe sell-off. The near-term trajectory of SHIB will depend on its ability to maintain important support levels and avoid a death cross formation. Monitoring volume trends and moving averages will provide confirmation of the next move.



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