Shiba Inu Golden Cross Returns After Almost Two Years
Shiba Inu has seen its first daily golden cross in almost two years. This bullish signal occurs when the 50-day moving average rises above the 200-day moving average.
On the daily chart, the MA 50 just crossed above the MA 200, completing a golden cross for Shiba Inu. The development marks the appearance of such a signal on Shiba Inu's daily chart since November 2024.
The months that followed saw more selling pressure, culminating in a death cross on Shiba Inu's daily chart in February 2025. However, a golden cross signal on the daily timeframe was cut short in August 2025, before it could even form, only to be followed by a death cross in September 2025.
Shiba Inu has generated two death cross signals in the last two years, with bears refusing to let bulls through until now. The golden cross formation coincided with a rebound from a low of $0.00000550 on September 29, with Shiba Inu entering its fourth day of gains.
At the time of writing, $SHIB was up 3.24% in the last 24 hours to $0.000005936 and up 1.52% weekly. Traders now watch for what comes next for Shiba Inu's price in the wake of the latest daily golden cross.