While Shiba Inu fell 3% to $0.00002462 in the last 24 hours, the cryptocurrency market also lost 1% today.

SHIB has experienced a 2% increase in one week and a 31% increase in one month. Additionally, following Donald Trump's victory in the US elections held this month, a golden cross has formed on the daily chart of the meme token.
This indicates that the coin has entered a long-term bullish period and may experience further price increases as more buyers enter the market.
Shiba Inu Golden Cross Area - Can SHIB Drop a Zero Until the End of 2024?
Today's chart of SHIB shows that the token has entered a highly promising period, indicating that the resistance (red) and support (green) levels have formed a flag.
This suggests that there will be a short-term breakout in the price of the coin very soon, which could be seen in the next few days.
In addition, SHIB's continued rise above the 200-day moving average (blue) of the 30-day moving average (orange) is a sign that the golden cross period it entered a few weeks ago has now begun.