Shiba Inu (SHIB) has recorded its first daily golden cross in nearly two years, as the 50-day moving average crossed above the 200-day moving average on the daily chart. This technical signal is often seen by traders as an indicator of a possible bullish trend reversal after extended selling pressure.
Golden cross appears after prolonged downtrend
The most recent golden cross for Shiba Inu occurred in November 2024, followed by a price rally that took SHIB to a high of $0.0000334 in December 2024. However, gains proved short-lived, as the price subsequently declined and selling pressure intensified in the following months.
By February 2025, the momentum shifted further bearish with the appearance of a death cross, where the 50-day moving average fell below the 200-day moving average. Another failed attempt at a golden cross emerged in August 2025, which quickly reversed, leading to another death cross in September 2025. Over the last two years, Shiba Inu has experienced two notable periods where bears maintained control over price action, holding back any potential bullish breakouts until now.
New momentum emerges as SHIB rebounds
The latest golden cross comes as Shiba Inu rebounds from a low of $0.00000550, recorded on September 29. This technical formation has been accompanied by four consecutive days of price gains. At press time, SHIB has risen 3.24% in the past 24 hours to $0.000005936, and marked a 1.52% increase on the week.
Market participants are closely monitoring what this latest golden cross could mean for the near-term direction of Shiba Inu. Historical chart patterns reveal that previous golden crosses on SHIB’s daily chart have often signaled a recovery phase following extended periods of selling. For example, after completing a death cross in July 2024, SHIB generated a daily golden cross in November 2024, which was followed by a short rally.
Most of the time, Shiba Inu’s daily golden cross has appeared during a recovery period after months of downward pressure, with the November 2024 signal preceded by a death cross just a few months earlier.
Key price levels and meme token trends
If the pattern seen in past cycles repeats, Shiba Inu could further extend its current rebound, with analysts pointing to a target price of $0.00001 in the near term. Should the price reverse, support is expected around the key moving average levels at $0.00000533.
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