Markets· ★★· bearish·

Shiba Inu Prints First 4-Hour Death Cross in October

  • —MA50 crossed below MA200 on SHIB's 4-hour chart, a bearish death cross signal
  • —SHIB fell 3.88% in 24 hours to $0.000005015 and is down 6.66% over seven days
  • —Similar bearish crossovers already appeared on the hourly, 2-hour and 3-hour charts in October
  • —A break of support could open the $0.000004 level, while a defense may push SHIB back above $0.000005
Why it matters: The signal adds short-term pressure on SHIB, but needs volume and price confirmation at support to validate a deeper correction.
#SHIB
Source: U.Today
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