Shiba InuThe most recent market drop will more likely push the formation of death, which makes it a reality. With the 50 EMA crossing 200 EMA, the downward trend will consolidate, indicating the end of the bullish phase for Shib on the market. Unfortunately, only a strong and fast retreat will improve things now.
Shiba Inu tried to recover after the sharp drop in January, currently negotiating at around 0.00001629, but things are still not so great, given the loss of shib in the past. EMA 50 has already reached 200 EMA, and Death Cross seems inevitable at this stage.
But everything does not seem so bad. Late recovery of $ 0.00001450 suggests that low -level buyers are still active. Salogner Can be able to avoid the lowering signal and at a given time reaching an inversion position, especially if the purchasing medium returns to the market. Previously, we have seen a dangerous trend: the whales of shib were quickly sold, in the middle of the market slowdown.
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If the feeling is getting worse over time, we could even see a dive at $ 0.00001300. The danger of the death cross is a lowering factor itself, which is why investors could move around Shib as a choice for their wallets. Salogner could be quieter at around $ 0.000018. The $ 0,00002 escape would certainly lead to upward recovery and revitalization.
Even if there is an approaching bearish signal, Shib did not completely leave the Haussier market. Things could still improve, especially if we take a look at the rest of the market. Things improve with time and the same could be applied to Shiba Inu. The market needs more rising momentum and maybe time passes, Shiba Inu will become the “same King Coin” as it was.