Shiba Inu Posts Hourly Golden Cross and RSI Buy Signal — Near-Term 50% Upside Possible
Shiba Inu (SHIB) has recorded three consecutive days of gains and an hourly 50-period SMA crossing above the 200-period SMA, producing a classic golden cross buy signal. The daily RSI has also bounced above its signal line after a recent support-test, suggesting accelerating bullish momentum. Analysts highlight a potential near-term target range from $0.0000080 to $0.0000120 — roughly 50% upside — contingent on higher trading volumes to confirm the move. SHIB is still down about 60% year-to-date amid broader market focus on Dogecoin ETF developments, though improved regulatory clarity could open the door to a Shiba Inu ETF in the future. Volume is currently low (around 3% of circulating market cap), so traders should watch for volume growth and macro catalysts such as possible Fed rate cuts. The article also mentions an unrelated presale project, Pepenode (PEPENODE), as an emerging meme-game presale, but this is promotional and not central to SHIB’s technicals.
Bullish
The article describes clear bullish technical signals: an hourly golden cross (50 SMA over 200 SMA) and an RSI bounce from support, both of which historically precede short-term rallies when confirmed by rising volume. The projected near-term target implies ~50% upside, which aligns with momentum-driven moves in alt and meme-coin markets. However, market participation is weak (current volume ~3% of circulating market cap), so confirmation depends on increased volume and macro catalysts (e.g., Fed rate cuts, ETF approvals). Similar past episodes — where moving-average crossovers and RSI confirmations preceded rallies in meme coins — often produced sharp short-term gains but were vulnerable to swift reversals if volume failed to sustain or if broader risk sentiment turned. Therefore, expect a bullish short-term bias if volumes pick up and macro conditions remain supportive; absent that, gains may be limited or quickly reversed. Traders should use tight risk management: watch hourly/daily volume, confirm with higher time-frame moving averages, and set clear stop-loss levels.