The post Shiba Inu Golden Cross Forming: Will SHIB Explode or Fake Out Again? appeared on BitcoinEthereumNews.com.

In crypto, chart patterns come and go. But the golden cross always gets attention. It’s simple, powerful, and for many traders, a flashing green light that something big might be brewing. Right now, people are watching Shiba Inu (SHIB) because it’s inching closer to that exact setup. As of late May 2025, SHIB’s short-term trend (the 50-day moving average) is starting to climb toward its long-term trend (the 200-day moving average). If the 50-day line crosses above the 200-day, we get what’s called a golden cross. It often points to the start of a new bullish trend. And with meme coins, signals like this can light a fire fast. SHIB has already bounced over 35% from its April lows. It’s holding above key support, sentiment is shifting, and momentum is starting to build. If you’re holding SHIB (or thinking about whether you should), the next few weeks could be a turning point. A confirmed golden cross could pull in traders, spark headlines, and potentially send prices much higher. Of course, nothing is guaranteed in this market. But the setup is there.  Key highlights: Shiba Inu (SHIB) is fairly close to a potential golden cross on the daily chart, where the 50-day MA is nearing a crossover above the 200-day MA. An hourly golden cross has already formed, which can signal early bullish momentum. But the daily crossover is the real trigger that traders are watching. If confirmed, the daily golden cross could push SHIB toward the next resistance around $0.000018, with potential upside of 30% or more. Previous golden cross attempts have failed due to weak volume and lack of support. Confirmation this time depends on follow-through buying. Traders should watch volume, support at $0.0000141, and resistance at $0.0000176–$0.0000182 to gauge whether this setup turns into a true breakout. What…

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Filed under: News - @ May 30, 2025 11:21 am