Shiba Inu ($SHIB) has just flashed a death cross โ where the 50-day moving average falls below the 200-day MA, typically signaling bearish momentum. On the surface, this looks like a red flag for traders.
๐ The Catch? Despite the technical warning, SHIBโs price has been consolidating in a strong support zone, and whale wallets continue accumulating. This suggests that the bearish cross may not lead to a sharp drop, but rather a shakeout before the next move.
๐ก Analysts caution that while the death cross is a classic bearish signal, market sentiment, on-chain activity, and upcoming catalysts (like Shibarium upgrades) could offset the downside risk.
๐ Bottom line: SHIB holders should stay alert. A dip could be short-lived if buying pressure continues โ turning this โdeath crossโ into a potential bullish trap for #SHฤฐB #CryptoNews #DeathCross #CryptoTraders
