Shiba Inu’s Death Cross: A Drama Queen’s Fakeout 🎭💰

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Oh, the Shiba Inu. The meme coin that thinks it’s a soap opera star. Recently, it decided to give us all a heart attack by forming a death cross on its hourly chart. For those not fluent in Traderese, that’s when the short-term moving average dips below the long-term one, and everyone screams, “The sky is falling!” 🌚📉

But wait! Just hours earlier, it had formed a golden cross, which is basically the crypto equivalent of a standing ovation. U.Today reported it, and for a hot minute, everyone was like, “Shiba Inu is the Beyoncé of coins!” 🎉✨ Then, faster than you can say “volatile,” the price reversed, and the death cross showed up like an uninvited guest at a party. 🥴

Now, the death cross wasn’t exactly a shock. The market was already having a panic attack over the jobs data release, and Shiba Inu decided to join the pity party by dropping faster than my New Year’s resolutions. 💼💔 But here’s the twist: after hitting a low of $0.000012 (which, let’s be honest, is basically Monopoly money), it bounced back like a trampoline on steroids. Take that, bears! 🐻⛔

A death cross is supposed to be bearish, but this one showed up when the price was already oversold. It’s like showing up to a funeral in a clown costume-just bad timing. 🤡⚰️ Shiba Inu then rebounded so sharply it probably left skid marks on the chart. Vroom! 🏎️

What’s Next in This Crypto Circus?

At the time of writing, Shiba Inu was up 2.28% in the last 24 hours, trading at $0.0000124. That’s right, it’s back, baby! And it’s not alone-the entire crypto market is on the rise, thanks to a weak jobs report that has everyone betting on an interest rate cut. 🤑✂️

According to the Bureau of Labor Statistics, job creation in August was about as exciting as watching paint dry. This means the Federal Reserve might finally give us that rate cut we’ve all been waiting for. 🎁📉

After its dramatic plunge to $0.000012 on Thursday, Shiba Inu rebounded like a champ, posting a green candlestick on Friday that hit $0.00001246 before taking a quick nap. 😴💤

In the coming days, keep your eyes peeled for a major moving average crossover on its daily chart. Shiba Inu is forming a golden cross-its first in August. Will it be a triumph or just another episode in its never-ending drama? Stay tuned, folks. This coin is more unpredictable than my ex. 🍿🎢

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2025-09-05 19:40