In 2025, Shiba Inu forms its first golden cross on the daily chart, potentially indicating future price growth. An analysis of the current market situation.
What is a Golden Cross?
A golden cross occurs when the short-term moving average (50) crosses above the long-term moving average (200), indicating a bullish signal. This has happened on Shiba Inu’s chart, drawing the attention of traders.
Current Market Conditions for Shiba Inu
Shiba Inu experienced a decline over a three-day period from August 22, when it peaked at $0.0000135, dropping to $0.00001183. Currently, SHIB has risen 2.16% in the last 24 hours, with a price of $0.00001249 and a market cap of $7.36 billion.
Growth Prospects and Support for Shiba Inu
Following the golden cross formation in November 2024, Shiba Inu’s price surged significantly. If a similar scenario occurs, a target of $0.000023 could be set. Support levels are seen at $0.000011 and $0.00001.
The emergence of a golden cross for Shiba Inu on the daily chart may signal potential growth. However, current market conditions and support levels warrant careful analysis.
