Shiba Inu Price Prediction: Death Cross Threatens SHIB Recovery as Key Support Wavers.

Shiba Inu's price is under pressure after a death cross formed on the 2-hour chart, casting doubt on near-term recovery. The bearish signal followed a similar cross on the 1-hour chart and has the cryptocurrency trading below key moving averages and battling to hold a critical support level at $0.0000060. The death cross is a classic signal indicating weakening short-term momentum relative to the longer-term trend.