Shiba Inu ( $SHIB ) price recently faced a death cross formation. At a critical price point of approximately $0.0000096, SHIB successfully escaped this bearish indicator and raised expectations for a positive change in market trends.

The effects of moving averages that follow a token’s price demonstrate that short-term market sentiment is in line with long-term trends, which is definitely positive for Shiba Inu. For investors and analysts, this averted critical formation could provide an opportunity to reassess SHIB’s market outlook. Generally, avoiding a death cross can be interpreted as a signal to protect a position or enter a position by anticipating future gains.