Crypto & Blockchain Daily Brief Monday, February 10, 2025

The article discusses the current situation of the cryptocurrency Shiba Inu (SHIB), which is on the verge of experiencing a "death cross." A death cross occurs when a short-term moving average crosses below a long-term moving average, indicating a potential shift to a bearish trend. In the case of SHIB, the 50-day moving average is close to crossing below the 200-day moving average, which could signal a further decline in the price of the cryptocurrency. The article highlights that the death cross for SHIB comes amid a broader market downturn in the cryptocurrency space, with many digital assets experiencing losses. The author explains that this development could lead to increased selling pressure on SHIB and further price drops in the near future. Traders and investors are advised to exercise caution and closely monitor the price action of SHIB to determine the next potential moves. Despite the negative outlook presented by the impending death cross, the article also mentions that there is still a possibility for SHIB to reverse its current trend and recover. However, this would require a significant increase in buying pressure and positive market sentiment. As such, it is crucial for market participants to stay informed and be prepared for different scenarios that may unfold in the coming days. In conclusion, the article emphasizes the importance of closely following the price movements of SHIB and being aware of the potential implications of the impending death cross. Traders and investors are advised to use risk management strategies and consider the broader market conditions when making decisions regarding SHIB.