The Meme Coin Inu (SHIB), which is based in ETHEREUM, continues its headquarters after a fateful technical signal appears on the chart for four hours. Earlier this week, the “Cross of Death” witnessed, when the moving average for 23 days crossed less than 200 days. It led to a 7 % rapid slide, which increased the already increased morale in the Mimi currency area.
It is not just an isolated event, as Death Cross is approaching a second, as it is widespread, is about to have a moving average 50-periods about to cross without the 200-period line.
For merchants, this next next 50/200 Death Cross is a great thing, as it was a sign that the market is likely to continue its declining tension. For example, in April, a similar setting led to a 18 % decrease over a period of six days.
Currently, Shiba Inu is traded at about 0.00001330, down from 0.00001440 a few days ago. The artistic collapse occurred after the price could not return to the short -term moving averages. Now they all come down.
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Unfortunately, this is not the last thing we have seen of this, and it is another success of the sheep of Bulls. Since the rise of mid -May, they have been trying to keep up with, but it is clear that the total feelings have achieved great success in the short term. Unless market conditions change, SHIB may continue to struggle to early June.
Linning monitoring of the Cross of Death of 50/200 suspended is important for merchants at the present time. Once emphasized, there is a possibility to increase the decline pressure, which may lead to a re -test of low levels that were observed earlier this year.
