Bull Trap Ahead? Shiba Inu Prints Golden Cross Whi
Shiba Inu saw a golden cross signal on its short-term price chart, with the market now watching whether this might be a trap or a setup.
The 50 MA (moving average) on the two-hour chart crossed above the 200 MA, forming a "golden cross." The signal comes as Shiba Inu faces profit-taking after a significant rally in the past week. Shiba Inu price climbed for five days from June 11 to 15, before experiencing profit-taking.
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