Shiba Inu’s Q2 price prediction: Will SHIB retest $0.000030?

posted an 11.69% increase in the last seven days. However, the token has been struggling to maintain that momentum over the last two days.

To get a golden cross, traders look at the Exponential Moving Average . This pattern forms when the shorter EMA crosses above the longer EMA.At press time, the 20 EMA had crossed over the 50 EMA —A golden cross, indicating a bullish trend. However, the Money Flow Index was down to 30.21. This decrease indicates that a lot of capital has flowed out of the SHIB market. In aHowever, the MFI might likely hit the oversold point, which could be around 20.00 or below. Should this be the case, the price of the Shiba Inu native token might rebound.The likely first stop could be $0.000027, after which, SHIB’s value could rise to $0.

On the other hand, a higher exchange outflow favors a price increase. As of this writing, SHIB’s exchange outflow was 53.20 billion. The inflow, at the opposite end, was 50.55 billion.

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