Coming days remain crucial for Shiba Inu with price on brink of rare pattern formation
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
As the scenario unfolds, the daily SMA 50 and SMA 200 will be closely watched for their convergence and subsequent crossover. The nature of the crossover — whether it will be a golden cross or a death cross — remains uncertain.As SHIB nears this pattern formation, all eyes are on its price to adjudge the next direction. A death cross formation could usher in the bottoming phase for SHIB. A golden cross might herald a fresh bullish upswing for the SHIB price.
Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shiba Inu Epic Comeback: Indicators Point to Possible SHIB Price PivotShiba Inu (SHIB) could be candidate for price rally if metric is validated
Read more »
Shiba Inu Whales Reappear to Boost SHIB Price With 176% Activity SurgeShiba Inu (SHIB) recently surged in activity, coinciding with 15% price jump
Read more »
Shiba Inu (SHIB) Price May Skyrocket in July If This Comes TrueShiba Inu receives crucial bullish signal for July from SHIB price history
Read more »
6.57 Trillion Shiba Inu (SHIB) Whale Withdrawals Stun Crypto ExchangesShiba Inu whales pull 6.57 trillion tokens from exchanges, sparking hopes of SHIB price surge
Read more »
SHIB Can Easily Burn Zero in Week: Shiba Inu ExecutiveShiba Inu team representative has pleased crypto community with bullish SHIB price prediction
Read more »
Shiba Inu Activity Jumps 295% as Whales Dive in to Save SHIB's Crucial SupportRecent price drop brings Shiba Inu to 501 trillion SHIB support level
Read more »