Shiba Inu’s 4-hour price chart confirms a Golden Cross, with the short-term 60-period simple moving average (yellow) crossing above the long-term 200-period average (red), signaling the start of a #bullish trend.
This formation often precedes significant upward momentum, especially when backed by volume and broader market tailwinds.
Supporting this narrative, the Parabolic SAR dots have flipped below the current price, validating the bullish reversal.
The #MACD (Moving Average Convergence Divergence) also shows strong upward momentum, with the MACD line (blue) pulling away from the signal line (orange) and histogram bars expanding, signaling strengthening bullish pressure.
From the June 22 swing low to the June 24 high, SHIB gained 16.83%, reaching $0.0000117 with strong volume (~3.92 trillion SHIB traded).
If momentum sustains, a breakout above $0.000012 could extend toward $0.0000135, the next key resistance. On the downside, $0.0000108 remains the key support level to watch, with the SAR baseline and previous consolidation zone offering strong buying interest.
Buy and Trade $SHIB here