Shiba Inu Golden Cross Alert — Is Major SHIB Rally Coming?

Shiba Inu Sees Bullish Signals as Golden Cross Forms on Hourly Chart

The dog-themed cryptocurrency Shiba Inu (SHIB) has recently triggered a technical indicator that traders often view as a sign of positive momentum: the golden cross. Specifically, an hourly golden cross has formed, sparking renewed optimism for SHIB's price movement.

A golden cross occurs when a short-term moving average, typically the 50-period MA, crosses above a long-term moving average, such as the 200-period MA. In the context of Shiba Inu's hourly chart, this suggests that short-term momentum has overtaken long-term pressure, potentially signaling an impending trend reversal.

Golden crosses are traditionally viewed as bullish indicators, frequently preceding higher price action. While a golden cross on the daily or weekly chart holds more long-term significance, even an hourly cross can be an early indicator of shifting market sentiment.

Shiba Inu's price stalled after reaching highs of $0.00003324 in December 2024, eventually falling to a low of $0.00001029 on April 9. However, the price has since begun to rebound.

While bulls have successfully pushed the SHIB price above the daily SMA 50 at $0.00001344, the cryptocurrency still faces resistance in the range of $0.00001764 and $0.0000182, which aligns with the daily SMA 200, before it can proceed higher to targets such as $0.00002 and $0.00003.

Amid the recent Bitcoin (BTC) price reaching new highs, attention is shifting to alternative cryptocurrencies, or altcoins. Some analysts argue that broader macroeconomic risks, such as rising U.S. yields and a stronger dollar, could introduce volatility, particularly for altcoins.

Bitcoin reached record highs of $112,000 on Coinbase, but has since experienced some profit-taking, causing a decline, which is a typical pattern following upward moves. Shiba Inu was not immune to this market profit-taking, trading down after reaching highs of $0.00001605 early Friday following three days of gains.

According to CoinGlass data, $470.45 million of cryptocurrency have been liquidated across various assets in the last 24 hours.