Something interesting happens with Shiba Inu (Shib). A golden cross, a rare technical event, has been formed on the weekly time. It is then that a shorter mobile average – like the 23 days – exceeds a longer average, in this case, the 50 days. It is the type of configuration that makes traders pay attention because, historically, it has been associated with a strong bullish momentum.
Ship is currently located at $ 0,0000162, up 7.5% in the last 24 hours. The price jump coincides with a wider market rally, raising several cryptocurrencies. But this golden cross? This is the real point of interest.
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The last time Salogner I saw this model on the graphics almost a year ago, in February 2024. What followed was a price explosion of 377% in March, sending SHIB to 0.00004567 – Levels not seen since 2021 .
Of course, the markets are not so predictable. The golden crosses suggest momentum, but they guarantee nothing, and the technical models are not crystal balls.
A golden cross is often considered a strong bullish sign, but external market forces, the feeling of investors and macroeconomic conditions remain unpredictable. It is not because it has worked before that history will repeat itself exactly the same way.
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Right now, the Shiba Inu jeton Going through the rest of the market, but the Golden Cross suggests something bigger on the horizon.
Could this lead to a major rally or just another short-term peak, or is this going to be another rally of the same money? Anyway, it is a moment that is worth keeping an eye on anyone who follows the progress of shib.