Shiba Inu golden cross sparks $0.000006 hopes but key risk remains.
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Shiba Inu (SHIB) is drawing a weekly bullish RSI divergence near $0.00000547; however, the 200-week MA is at $0.0000122 and the token supply is 589 trillion…
🚨 Shiba Inu rose 17% this week to $0.00000551, and the 0.000006 threshold came to the forefront for $SHIB.
📈 A golden cross formed on the hourly chart, and the short-term technical outlook gained strength.
🏛️ A general recovery was seen in the crypto market after the Fed's 25 basis point interest rate hike.
📊 Glassnode stated that altcoin leverage risk remained below the threshold and overheating has not yet been confirmed.
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