Shiba Inu Prints First Double Death Cross of October, Clouding 'Uptober' Outlook
- —Double death cross appeared on SHIB's hourly and two-hour charts
- —MA50 crossed below MA200, signaling fading momentum
- —The signal followed SHIB's first daily golden cross since November 2024
- —SHIB dropped 1.36% to $0.000005405, breaking below its 50-day MA
Why it matters: The technical signal undermines the October rally case and points to further downside risk toward the 200-day moving average.
Source: U.Today