
Golden Cross Alert: Is a Shiba Inu (SHIB) Price Rally About to Begin?
Shiba Inu (SHIB) might finally be waking up. After spending weeks moving sideways and testing the patience of its holders, the popular meme coin is starting to show some bullish signs on the charts. Today, Shiba Inu’s price is slightly in the green, holding steady while the overall crypto market treads water. It’s not a huge jump yet, but the interesting part isn’t just the price and it’s what’s happening beneath the surface.
On the hourly chart, SHIB just flashed a golden cross, a technical pattern where a short-term moving average crosses above a longer-term one. In this case, the 50-period moving average has climbed above the 200-period, which experts often take as an early sign of a possible rally ahead.
Source: coinpedia.org