Shiba Inu (SHIB) death cross pattern suggests a 32% price magnet move, with potential to erase a zero.

According to CoinWorld, Shiba Inu (SHIB) recently defied typical market signals, as a golden cross appeared on its daily chart (the 23-day moving average crossed above the 50-day moving average), yet the price dropped by more than 12%. Currently, the moving averages are about to form a death cross. Analysts point out that the price has not encountered significant resistance or panic selling, indicating that this decline may be a natural correction. Ironically, this failed bullish pattern may instead pave the way for the price to move toward the 200-day moving average ($0.00001018), which is 32.7% higher than the current level.