Shiba Inu Token (SHIBUSD)

[Itsjustmymoney]

Shiba Inu
SHIBUSD
prints first death cross in 2023: Details

Yesterday, Shiba Inu
SHIBUSD
was spotted forming its first bearish "death cross" this year as the daily moving average (MA) 50 has crossed below the MA 200. The last time Shiba Inu showed a death cross on its chart was in February 2022. After that, SHIB saw several months of price underperformance, in keeping with prevailing adverse market conditions. The bearish intersection of the two averages may indicate that the market is poised for a deeper plunge. However, the death cross may also signal the beginning of a bottoming period for a digital asset, so this is not always the case.

https://u.today/shib-prints-first-death-cross-in-2023-flare-announces-new-batch-of-airdrop-available-to-claim-shib