Is Shiba Inu’s Golden Cross the Meme We’ve Waited For? 🐕🚀

by

Is Shiba Inu‘s Golden Cross the Meme We’ve Waited For? 🐕🚀

Hold onto your kibble, folks! Shiba Inu (SHIB), everyone’s favorite dog-themed joke, just triggered a technical indicator that traders pretend to care about: the golden cross. Yes, you read that right—your meme coin now has a golden cross, which experts say *might* mean big gains are coming. Or not. But hey, who doesn’t love a shiny technical indicator? ✨🐶

A golden cross happens when a short-term moving average (think 50, but who counts?) crosses above a long-term one (200, obviously). Basically, it’s like SHIB is whispering, “Hey, maybe I’m worth something again”—at least, that’s what traders would like to believe. So, buckle up, because this could be the start of something or just another doggone false alarm. 🐾

Traditionally, golden crosses are seen as bullish signals, like your niece’s overly enthusiastic Instagram posts—overhyped but sometimes justified. Even an hourly golden cross? Eh, it’s a toddler’s birthday party compared to the long-term charts, but hey, it’s a start. 👶📈

Remember when Shiba Inu hit $0.00003324 in December 2024? Yeah, that feels like ages ago. Then it decided to play hard to get, dropping to $0.00001029 on April 9. Classic Shiba—one day a hero, the next a zero. After that, it started bouncing back like a pinball on espresso.

Thanks, bulls! They finally pushed SHIB past the daily SMA 50 at $0.00001344, which is basically like climbing out of bed. But wait, there’s resistance—pretty much the crypto version of “no snacks before dinner”—between $0.00001764 and $0.0000182, right at the daily SMA 200. Crossing that might send SHIB racing toward $0.00002 or even $0.00003, but let’s not get ahead of ourselves. 🎯

Attention shifting to altcoins

Meanwhile, as Bitcoin (the OG crypto) hit new heights—like a toddler trying to touch the ceiling—everyone’s staring at altcoins. Because nothing says “crazy market” like some macroeconomic drama involving US yields and a super-strong dollar. Nothing like risking it all for the thrill of maybe losing everything! 💸

Bitcoin flirted with a record high of $112,000 on Coinbase, then did what all great traders do: took a nap at around $109,000. Profit-taking is basically the market’s way of saying, “Thanks, I’ll be back later.” Shiba Inu wasn’t immune, trading down after hitting $0.00001605 early Friday—because what’s a pump without a dump? Now, it’s down 3.78% in 24 hours, feeling about as excited as a cat in a bath. 🛁🐱

And just in case you’re wondering, about $470 million of crypto was liquidated in the last 24 hours. Basically, the market is throwing a tantrum, and everyone’s crying in their pillowcases.

Read More

2025-05-23 17:16