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Shiba Inu (Shib) to avoid Death Cross when this jump accelerates

After a brutal sale, Shiba Inu is located at a turning point and shows signs of possible recreation, but all attempts to recover could be hindered by an upcoming Cross of Cross. After a recent decline under the important support levels, the asset has experienced a modest recovery and is currently $ 0.000016.

According to technical indicators, Shib can still get into difficulties. A cross takes place if a long-term moving average like the 200 EMA under a short-term cross-cross-typically the 50 EMA. This signal, which often leads to lengthy downward trends, is known as a bearish indicator. The convergence between Shibs 50 and 200 EMAs is currently increasing the possibility that this formation occurs.

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Shib/USDT diagram from Tradingview

It could signal an additional downward impulse if it is verified, which makes it difficult for Shib to maintain a significant recovery. A remarkable increase in the commercial volume during the latest price campaign shows that some dealers place bets on a brief restoration. However, the type of this volume spike is unclear because some accumulate, while others may use the modest recovery as the starting liquidity, which would increase the downward pressure.

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Mike Novogratz:

Shib can increase a stronger recovery towards 0.000000189 US dollar, a level that has once been supported, but is now resistance if it is able to maintain over $ 0.000015. Shib can test $ 0.000020 on the further upward trend, but this scenario depends on the continuing bullish dynamics. If Shib loses $ 0.000015, the next important support is $ 0.000012, a crucial area that, if it is violated, could lead to a more serious sale.

The short -term trajectory will initially determine whether Shib will maintain important support levels and stay away from a fatality formation. If buyers intervene, a relief rally can develop. However, if pessimism continues, SHIB may be difficult to recover. To confirm the next step, investors should monitor volume trends and moving agent values.

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