SHIB Forms First Golden Cross in Nearly Two Years
Shiba Inu (SHIB) has formed its first daily-chart golden cross in nearly two years. The 50-day moving average has crossed above the 200-day average, ending a bearish alignment that had persisted since November. The signal followed a rebound from $0.00000550, with SHIB recording four consecutive daily gains and rising 3.24% over 24 hours to $0.000005936. SHIB also gained 1.52% over the week. Traders may watch for a move towards $0.00001, while support remains near $0.00000533. A previous golden cross in November 2024 preceded a rally to $0.0000334, but the move later reversed and a death cross appeared in February 2025. A similar signal in August 2025 also quickly failed. The SHIB golden cross may improve short-term sentiment, but it is a lagging indicator and does not guarantee a sustained breakout. Traders should seek confirmation from higher volume, continued price strength, resistance near $0.00001 and broader cryptocurrency market momentum.
Bullish
The SHIB golden cross is a potentially bullish technical signal because the 50-day moving average has moved above the 200-day average after a prolonged bearish trend. The recent four-day advance and rebound from $0.00000550 could attract short-term buyers and improve momentum toward the $0.00001 target. However, the signal is lagging and has failed in previous instances. The 2024 rally eventually reversed, while the 2025 golden cross quickly turned into a death cross. If volume remains weak, SHIB fails to hold support near $0.00000533 or the broader crypto market weakens, the signal could lose credibility. Therefore, the immediate impact is mildly bullish, while longer-term gains require confirmation through sustained buying pressure and a breakout above nearby resistance.