The Shiba Inu 4-hour chart has formed a death cross, with the 50-period moving average crossing below the 200-period moving average. Short-term momentum is weakening, rebounds tend to lack strength, and the price may spend longer below the moving averages.
Current price: SHIB is trading at 0.00000505, down 2.9% in 24 hours; ETH is also down 3% to 2,428, with little buying interest across the sector. SHIB remains below both moving averages, and the death cross has yet to be reversed.
Strategy update: If a rebound is rejected at the short-term 4-hour moving average, that’s a point to reduce your position. The trend will only be considered repaired if the price climbs back above the 200-period moving average and forms a golden cross. A break below the recent low would open up more downside, so stay on the sidelines for now. #SHIB #ETH
Current price: SHIB is trading at 0.00000505, down 2.9% in 24 hours; ETH is also down 3% to 2,428, with little buying interest across the sector. SHIB remains below both moving averages, and the death cross has yet to be reversed.
Strategy update: If a rebound is rejected at the short-term 4-hour moving average, that’s a point to reduce your position. The trend will only be considered repaired if the price climbs back above the 200-period moving average and forms a golden cross. A break below the recent low would open up more downside, so stay on the sidelines for now. #SHIB #ETH