Shiba Inu (SHIB) has recorded its first daily golden cross in nearly two years. This technical signal occurs when the 50-day moving average rises above the 200-day moving average. The cryptocurrency bounced from a low of $0.00000550 on September 29, trading up 3.24% in 24 hours to $0.000005936. If the bullish scenario plays out, SHIB could target $0.00001, while support is anticipated around $0.00000533 in case of a decline.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
