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Crypto

Shiba Inu \'mini golden cross\' spotted on chart, raising question of July rebound

Shiba Inu is showing a short-term rebound signal in July after falling 24 percent in June. U.Today reported a “mini golden cross” on the four-hour chart as the 23-period moving average crossed above the 50-period line near $0.000004346. The first resistance is seen at $0.00000470 to $0.00000480, where the 200-period moving average sits. A breakout could open about 9 percent upside, while failure could retest $0.00000400.

Crypto

Dogecoin weekly death cross nears first in three years, signalling possible long-term range

Dogecoin may be nearing a weekly death cross for the first time in three years, as its 50-week moving average slopes lower and approaches the 200-week line, according to U.Today. A death cross would be confirmed if the 50-week average falls below the 200-week average, a rare signal on the weekly chart. The last weekly death cross was in February 2023, after which prices traded in a range for months.

Crypto

Shiba Inu holder addresses top 1.6 million despite market cap slide

The number of Shiba Inu holder addresses has topped 1.6 million for the first time. The token has fallen outside the top 30 by market capitalisation after a recent price pullback, but on-chain indicators and exchange flows continue to point to accumulation. Investors withdrew about 445.1 billion SHIB from exchanges over 24 hours, exceeding inflows and resulting in net outflows of 51.38 billion SHIB.