The price of Shiba Inu has been under selling pressure, dropping for seven consecutive days. Let's see some #technicalanalyst

The dog-themed cryptocurrency Shiba Inu ($SHIB ) has confirmed a death cross signal in its short-term charts, indicating a bearish trend as the price continues to decline for the seventh straight day.

This sustained sell-off has brought SHIB to levels that have caught the market's attention. A death cross occurs when a short-term moving average crosses below a long-term moving average, often signaling a bearish trend. For Shiba Inu, this pattern has emerged on the four-hour chart, where the 50-period moving average has crossed below the 200-period moving average.

The emergence of this pattern on the four-hour chart for Shiba Inu suggests that bearish momentum is gaining strength in the short term. Traders will likely look for clues in other indicators and price action to determine a potential reversal in SHIB's price.