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⚠️ Shiba Inu Price Overcomes Death Cross Formation Shiba Inu ( $SHIB ) price recently faced a death cross formation. At a critical price point of approximately $0.0000096, SHIB successfully escaped this bearish indicator and raised expectations for a positive change in market trends. The effects of moving averages that follow a token’s price demonstrate that short-term market sentiment is in line with long-term trends, which is definitely positive for Shiba Inu. For investors and analysts, this averted critical formation could provide an opportunity to reassess SHIB’s market outlook. Generally, avoiding a death cross can be interpreted as a signal to protect a position or enter a position by anticipating future gains. #SHIBA_INU #SHIBA/USDT #ShibaPriceAnalysis

⚠️ Shiba Inu Price Overcomes Death Cross Formation


Shiba Inu ( $SHIB ) price recently faced a death cross formation. At a critical price point of approximately $0.0000096, SHIB successfully escaped this bearish indicator and raised expectations for a positive change in market trends.

The effects of moving averages that follow a token’s price demonstrate that short-term market sentiment is in line with long-term trends, which is definitely positive for Shiba Inu. For investors and analysts, this averted critical formation could provide an opportunity to reassess SHIB’s market outlook. Generally, avoiding a death cross can be interpreted as a signal to protect a position or enter a position by anticipating future gains.
#SHIBA_INU #SHIBA/USDT #ShibaPriceAnalysis

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🤯513 Million Bitcoin (BTC) in 24 Hours, Here's What's Coming The cryptocurrency market, particularly Bitcoin, has reacted negatively to the latest United States Producer Price Index (PPI) data for May. The PPI showed a month-on-month decrease of -0.2%, contrasting with the previous 0.5% increase. This unexpected decline suggests that the Federal Reserve's efforts to stabilize inflation are yielding results, which could bolster traditional asset investments over riskier ones like Bitcoin. As of now, Bitcoin has experienced a notable 3.76% decline in the past 24 hours, trading at $67,351. This downturn marks a departure from the earlier bullish momentum that briefly pushed Bitcoin above $70,000 earlier in the week. The market sentiment reflects concerns that a stronger PPI indicates a resilient economy, potentially diverting corporate investments towards traditional assets. Despite the current market reaction, the introduction and trading of spot Bitcoin Exchange-Traded Funds (ETFs) in various global markets (including the US, UK, Canada, Hong Kong, and Australia) provide optimism for Bitcoin's long-term outlook. These ETFs offer new avenues for investors to buy Bitcoin, which could contribute to a bullish trend over time. In the last 24 hours alone, over 513 million Bitcoin, equivalent to $34.29 billion, has been traded globally, showcasing substantial trading volume despite the recent decline. This volume hints at underlying bullish sentiment that could aid Bitcoin in overcoming its current challenges and potentially resume an upward trajectory.
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