news 
Shiba Inu (SHIB) is on the verge of a death cross, and investors are left wondering what this could mean for the meme coin’s future. A death cross occurs when the 50-day moving average falls below the 200-day moving average, signaling a potential bearish reversal.
According to Dan Burgin, Shiba Inu (SHIB) might find itself calm at around $0.000018 in the worst-case scenario. However, the breakout of $0.00002 could lead to a bullish recovery and revitalization. It’s essential to note that SHIB has not entirely exited the bull market, and there is still a possibility for it to move upwards.
Burgin highlights that even though there is a bearish signal approaching, SHIB still holds potential. The market needs more upside momentum, and if we look at the broader market trend, Shiba Inu might just become the “meme coin king” once again.
In other news, Tether CEO predicts 9,100,000 RLUSD minted by Ripple in the past 12 hours after a major listing of $438 million XRP. This surge has led to a staggering 9,640% increase in volume on Coinbase.
Meanwhile, Shiba Inu (SHIB) has seen a netflow surge of 5,277%, which could potentially lead to a price reversal. However, the death cross looming over SHIB is a significant red flag that investors should take into account when making their investment decisions.
Investors are advised to carefully monitor market trends and not make any rash decisions based solely on this data.
Source: u.today
