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Shiba Inu Forms Golden Cross for First Time in Nearly Two Years
Shiba Inu (SHIB) has formed a daily golden cross, where its 50-day moving average rises above the 200-day moving average, marking the first such signal in almost two years. The last golden cross occurred in November 2024, followed by a peak in December 2024. This latest formation coincides with SHIB's fourth consecutive day of gains, with the token up 3.24% in the last 24 hours to $0.000005936. Traders are now watching for potential further recovery, with some analysts targeting $0.00001, while support is anticipated around $0.00000533.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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