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Title: Shiba Inu (SHIB) Eyes Death Cross: 2 Potential Scenarios Ahead
Shiba Inu’s recent market performance has been quite unsettling, as it eyes a death cross in the near future. This phenomenon occurs when the short-term moving average falls below the long-term moving average, signaling potential bearish momentum and a possible reversal of the trend.
Currently, the death cross is on the cards for SHIB, which could be a challenging situation for investors. However, we must consider two potential scenarios that may unfold.
Firstly, if the death cross materializes, it will not last long enough to have any lasting impact. This is because the short-term moving average would likely bounce back up soon, negating the bearish signal. In this case, SHIB might continue its upward trajectory without significant interruption.
On the other hand, if the bearish pressure intensifies and the death cross persists, it could lead to a sharp correction in the price of SHIB. This scenario would suggest that investors should take a step back and reassess their investment strategies.
Source: u.today
