Shiba Inu Forms First 4-Hour Death Cross Setup in October: Potential Scenarios

Shiba Inu has completed a death cross signal on its 4-hour chart, the first occurrence of such a signal on this timeframe in October. The MA 50 has fallen below the MA 200 on the 4-hour chart, a death cross. This comes against the backdrop of a tough run for SHIB, whose price fell for a third day in a row to trade below $0.000005. Similar bearish crossovers have appeared on other short-term timeframes since October's start, including the hourly, 2-hour, and 3-hour charts, as SHIB struggled to maintain its upward momentum.

Source: U.Today