Shiba Inu Hits Golden Cross — Is a Mega Rally Coming?
The post Shiba Inu Hits Golden Cross — Is a Mega Rally Coming? appeared on BitcoinEthereumNews.com. Key Notes Analysts now forecast a potential 35% upside for SHIB, with key resistance levels between $0.00001421 and $0.00001867 in focus. On-chain data from CryptoQuant shows SHIB reserves on centralized exchanges have dropped to 83.8 trillion tokens. SHIB’s social volume has surged to its highest since January, reflecting growing community enthusiasm. Meme coin Shiba Inu SHIB $0.000014 24h volatility: 5.3% Market cap: $8.13 B Vol. 24h: $333.96 M has joined the broader crypto market rally, gaining 7% in the last 24 hours, with its market cap soaring past $8.14 billion. On-chain metrics and “Golden Cross” chart pattern suggest that the SHIB rally could continue moving ahead. Market analysts believe the possibility of another 35% upside from here. Shiba Inu Price Chart Form “Golden Cross” Shiba Inu has just formed a bullish technical pattern on its chart, with the 20-day exponential moving average (EMA) crossing above the 50-day EMA, a formation commonly known as a “golden crossover.” Shiba Inu Golden Cross formation – Source: TradingView This signal, often seen as an early indicator of upward momentum, last appeared in May 2025 near the $0.00001320 mark. At the time, SHIB surged nearly 34% to a local high of $0.00001765. The current crossover has occurred around $0.00001358, a strikingly similar level, fueling speculation that the token may be poised for another breakout. The golden crossover normally suggests a shift in market sentiment, where short-term momentum overtakes long-term trends, signaling the potential start of a sustained uptrend. The SHIB price is currently testing minor resistance around $0.00001421, a level it previously struggled to reach. Should bulls push past this hurdle, the chart highlights additional supply zones at $0.00001468, $0.00001577, and $0.00001765. A sustained move beyond these resistance levels could pave the way toward $0.00001809 and $0.00001867, both considered low-resistance zones. This breakout scenario mirrors…
The post Shiba Inu Hits Golden Cross — Is a Mega Rally Coming? appeared on BitcoinEthereumNews.com.
Key Notes Analysts now forecast a potential 35% upside for SHIB, with key resistance levels between $0.00001421 and $0.00001867 in focus. On-chain data from CryptoQuant shows SHIB reserves on centralized exchanges have dropped to 83.8 trillion tokens. SHIB’s social volume has surged to its highest since January, reflecting growing community enthusiasm. Meme coin Shiba Inu SHIB $0.000014 24h volatility: 5.3% Market cap: $8.13 B Vol. 24h: $333.96 M has joined the broader crypto market rally, gaining 7% in the last 24 hours, with its market cap soaring past $8.14 billion. On-chain metrics and “Golden Cross” chart pattern suggest that the SHIB rally could continue moving ahead. Market analysts believe the possibility of another 35% upside from here. Shiba Inu Price Chart Form “Golden Cross” Shiba Inu has just formed a bullish technical pattern on its chart, with the 20-day exponential moving average (EMA) crossing above the 50-day EMA, a formation commonly known as a “golden crossover.” Shiba Inu Golden Cross formation – Source: TradingView This signal, often seen as an early indicator of upward momentum, last appeared in May 2025 near the $0.00001320 mark. At the time, SHIB surged nearly 34% to a local high of $0.00001765. The current crossover has occurred around $0.00001358, a strikingly similar level, fueling speculation that the token may be poised for another breakout. The golden crossover normally suggests a shift in market sentiment, where short-term momentum overtakes long-term trends, signaling the potential start of a sustained uptrend. The SHIB price is currently testing minor resistance around $0.00001421, a level it previously struggled to reach. Should bulls push past this hurdle, the chart highlights additional supply zones at $0.00001468, $0.00001577, and $0.00001765. A sustained move beyond these resistance levels could pave the way toward $0.00001809 and $0.00001867, both considered low-resistance zones. This breakout scenario mirrors…
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