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Will Shiba Inu Price Decline Continue As ‘Death Cross’ Pattern Emerges?

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Summary
Nutrition label

64% Informative

Shiba Inu ( SHIB ) has been on a downward trend in recent weeks , with its price dropping by over 34% since February .

The "Death Cross " pattern signals a bearish trend for SHIB , with price below both 50-day and 200-day moving averages.

The token is approaching a support level, with the $ 0.00001 price level considered to be the critical support level.

Further selling could deepen the current downturn.

VR Score

43

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29

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47

Article tone

formal

Language

English

Language complexity

40

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Time-value

short-lived

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