Shiba Inu Shows Potential Bullish Signals Amid Market Recovery and Technical Indicators
2025-07-11 16:03:31
Main Idea
Shiba Inu (SHIB) shows potential bullish signals due to a golden cross formation and recent market dynamics, with key resistance levels and investor sentiment playing crucial roles in its future performance.
Key Points
1. A golden cross on Shiba Inu’s four-hour chart indicates a potential shift from bearish to bullish sentiment, aligning with recent price increases.
2. SHIB’s price surged 10% amid a broader crypto market upswing, with Bitcoin’s performance being a significant driver.
3. SHIB has shown a 20% monthly increase, its strongest since November, and has surpassed the daily 50-day SMA at $0.0000124.
4. Key resistance levels for SHIB include the daily 200-day SMA at $0.0000149 and the May high resistance at $0.00001764.
5. Over 518 trillion SHIB tokens were accumulated by more than 165,000 addresses within the $0.000014 to $0.000019 range, suggesting potential price stability.
Description
Shiba Inu (SHIB) has triggered a significant bullish indicator known as the golden cross on its four-hour chart, signaling potential upward momentum for this popular meme cryptocurrency. This technical development
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