Shiba Inu has manifested a golden cross on its daily chart for the first time since November 2024, a technical indicator marking the convergence of the short-term 50-day moving average surpassing the long-term 200-day moving average. This development coincides with a recent resurgence in SHIB’s price trajectory, bringing renewed optimism amongst traders.
Past Volatility Patterns Resurface
This meme coin, a well-known player in the crypto industry, experienced its last prominent golden cross in late 2024. Following this, SHIB’s price ascended to $0.0000334 by December 2024 before it faced a downturn. Subsequent months witnessed mounting selling pressure, culminating in a death cross by February 2025. Although a potential golden cross loomed in August 2025, it dissipated before completion, leading to another death cross in September of the same year.
The achievement of a golden cross on Shiba Inu’s daily chart marks the first occurrence of this technical signal in almost two years.
Market Rally Extends into Fourth Day
The latest technical outlook aligns with an uptick starting from the $0.00000550 low witnessed on September 29, propelling SHIB’s escalation into its fourth consecutive day of gains. The asset rose by 3.24% over the last 24 hours, reaching $0.000005936, while its weekly increase registered at 1.52%.
The golden cross is perceived within technical analysis as an indication that short-term trends are tracking above longer-term averages. Yet, historical instances caution that the signal alone doesn’t guarantee sustained upward movement. Future price direction hinges largely on trading volumes and overarching market conditions.
The interplay of historical price structures suggests that Shiba Inu’s golden cross signals often emerge after prolonged periods of selling, preceding recovery phases. The death cross observed in July 2024 and the subsequent golden cross in November 2024 mirrored such patterns.
Price Movements Under Scrutiny
Current market dynamics suggest a continuity in the recovery trend, potentially aiming toward the $0.00001 barrier. Alternatively, in the event of a reversal, the proximity of the 50-day and 200-day moving averages around the $0.00000533 mark is identified as a critical observation point.
The recovery that commenced from the $0.00000550 low on September 29 has resulted in a four-day upward movement for SHIB.
