Shiba Inu (SHIB) Forms Ultra Bullish Golden Cross Amid Ethereum Euphoria
2025-07-18 16:01:13
Main Idea
Shiba Inu (SHIB) price surges amid Ethereum's rally and forms a bullish golden cross, indicating potential for further gains if Ethereum continues its upward trend.
Key Points
1. Shiba Inu (SHIB) price rose significantly alongside Ethereum's surge past $3,600, posting a 28% gain.
2. SHIB formed a golden cross between the 23-day and 50-day moving averages, a bullish technical indicator.
3. SHIB's rally closely followed Ethereum's movement, benefiting from its status as Ethereum's go-to meme asset.
4. SHIB reclaimed its 200-day moving average and is holding above $0.00001500 with rising trading volume.
5. If Ethereum continues to lead the market, SHIB could target $0.00001698, the next major resistance level before yearly highs.
Description
Shiba Inu (SHIB) price skyrockets amid Ethereum euphoria and golden cross, but what's next for popular meme coin?
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