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Shiba Inu defies seasonality with unusual strength, mini golden cross resistance in focus

Shiba Inu (SHIB) has flashed a rebound signal as its 23-day moving average crossed above the 50-day average on a daily chart, forming a “mini golden cross,” according to U.Today. The move comes despite August typically being weak for SHIB, with average returns of minus 0.55 percent, while it is up 4.11 percent so far. Analysts focus on resistance at $0.00000503-$0.00000518 and support at $0.00000446-$0.00000448.