Something interesting happens with Shiba Inu (Shib). A golden cross, a rare artistic event, formed on the weekly time frame. This is when a shorter moving average-23 days-is a longer one longer, in this case, 50 days. It is the type of preparation that traders notice because, historically, has been associated with a strong momentum.
Currently, SHIB sits at $ 0.0000162, an increase of 7.5 % in the past 24 hours. Prices jump coincides with a gathering in the broader market, and raised many cryptocurrencies. But this golden cross? This is the real point of attention.
The last time I saw this pattern on the plans nearly a year ago, in February 2024. This was followed Such a step is not common, but it happened before.
Of course, the markets are not so. Golden crosses suggest momentum, but they do not guarantee anything, and technical patterns are not crystalline balls.
The golden cross is often seen as a strong thunderbolt sign, but the external market forces, investor morale and macroeconomic conditions are still unexpected. Just because he succeeded before, it does not mean that history will repeat itself in the exact way.
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Currently, the Shiba Inu symbol communicates with the rest of the market, but the golden cross is saving to something larger on the horizon.
Could this lead to a large rally or just a short -term height, or will it be another millical mim? Either way, this is a moment that deserves to be monitored for anyone who follows the progress of Shayb.
