Shiba Inu Records Daily Death Cross as SHIB Price Slips Below Key Support Level
Shiba Inu is facing renewed bearish pressure after a death cross appeared on its daily chart, putting its more than 8.85% weekly gains at risk. Over the past 24 hours, SHIB has traded around $0.000005876, down 1.63%, while trading volume fell 7.04% to $145.03 million. Large transfers totaling over 112 billion SHIB to exchanges in the last 48 hours have raised additional concerns about a possible sell-off and the token's ability to reclaim the $0.0000060 level.