Mini Golden Cross: SHIB Reignites Momentum

The crypto market is closely watching Shiba Inu (SHIB) following the appearance of a mini golden cross: The 23-day SMA has crossed above the 50-day SMA, a technical signal often associated with a trend reversal and renewed buying momentum.

The price is currently trading around $0.00000860 – $0.00000870, while remaining above a key support at $0.00000810. This zone plays a crucial role, serving as a base for buyers attempting to push the price toward immediate resistance.

As long as this support holds, the technical structure remains favorable. Traders are now watching whether buying pressure will be sufficient to trigger a sustained bullish acceleration.

Shiba Inu (SHIB) price chart illustrating a potential bullish signal

Toward $0.00001054 or a Pullback?

In the event of a clear break above the $0.00000900 resistance, the bullish scenario would intensify, with a natural target located around the 200-day EMA at $0.00001054. Such a move would represent an increase of approximately 22% from current levels.

Beyond price action, the impact would be significant on the market capitalization, with nearly one billion dollars added, strengthening SHIB’s position among major meme coins.

Caution remains warranted, however. A daily close below $0.00000810 would invalidate this scenario and expose the token to a return toward its recent lows. Volume will therefore be decisive in confirming whether SHIB truly has the momentum needed to erase a zero and trigger a new rally.

Related Articles:

Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.

CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.

Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

Get 6200 USDT with Bitget ! 🔥

Don't miss out on this offer !
Create your account now to unlock this exclusive reward
Open a Bitget account
close-link
Click Me