🚨 SHIB shows a “golden cross” for the first time in two years!
Good news just appeared, but the price first dropped 2.2%—is this time really a reversal? 🔥
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Shiba Inu coin is sending a highly contradictory signal right now:
On one hand, it’s the first “golden cross” in two years—a bullish piece of news.
On the other hand, over the past 24 hours SHIB has fallen by about 2.2%, with the price around $0.00000543.
The golden cross appears, but the price is still dropping.
So is this what the main players are doing to shake out the market (a washout), or has this so-called bullish signal already failed early? 👀
A “golden cross” refers to the short-term moving average crossing above the long-term moving average. It’s usually seen as a signal that improves mid-to-long-term momentum.
But here’s the detail you must pay attention to:
⚠️ This golden cross is currently an “event that has been reported.” The original post did not confirm the crossover by itself using the current 4-hour chart, so you can’t simply interpret it as: “Golden cross appears = SHIB will surge immediately.”
What truly determines this round of行情 (market movement) is still the price.
📌 The most critical support for SHIB right now is around $0.00000535.
As long as this level holds, SHIB still has a chance to rebound.
The first target is $0.00000570. After breaking that, watch $0.00000599.
And $0.00000599 is the real key level this time—if the 4-hour candlesticks can close effectively above this area, and the trading volume is higher than the average volume of the previous 20 candles, then the breakout will be more trustworthy.
Once the breakout is confirmed, the next target is around $0.00000627 near the late-September high.
From $0.00000543 to $0.00000627, there’s roughly 15% upside potential. But if $0.00000535 can’t hold, the story changes completely. If the 4-hour close breaks below this level and the selling volume clearly expands, SHIB may continue to search for support at $0.00000517—even as low as $0.00000489.
So in other words, SHIB is currently sitting right on a very critical “either-or” question:
📈 Hold $0.00000535 → rebound test $0.00000570 → $0.00000599 → $0.00000627
📉 Break below $0.00000535 → $0.00000517 → $0.00000489
And the RSI is currently only 31.79, already in a relatively weak zone, approaching oversold.
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#SHİB #柴犬币 #memecoin
Good news just appeared, but the price first dropped 2.2%—is this time really a reversal? 🔥
Group: 点击进入玖玖短线策略群
Shiba Inu coin is sending a highly contradictory signal right now:
On one hand, it’s the first “golden cross” in two years—a bullish piece of news.
On the other hand, over the past 24 hours SHIB has fallen by about 2.2%, with the price around $0.00000543.
The golden cross appears, but the price is still dropping.
So is this what the main players are doing to shake out the market (a washout), or has this so-called bullish signal already failed early? 👀
A “golden cross” refers to the short-term moving average crossing above the long-term moving average. It’s usually seen as a signal that improves mid-to-long-term momentum.
But here’s the detail you must pay attention to:
⚠️ This golden cross is currently an “event that has been reported.” The original post did not confirm the crossover by itself using the current 4-hour chart, so you can’t simply interpret it as: “Golden cross appears = SHIB will surge immediately.”
What truly determines this round of行情 (market movement) is still the price.
📌 The most critical support for SHIB right now is around $0.00000535.
As long as this level holds, SHIB still has a chance to rebound.
The first target is $0.00000570. After breaking that, watch $0.00000599.
And $0.00000599 is the real key level this time—if the 4-hour candlesticks can close effectively above this area, and the trading volume is higher than the average volume of the previous 20 candles, then the breakout will be more trustworthy.
Once the breakout is confirmed, the next target is around $0.00000627 near the late-September high.
From $0.00000543 to $0.00000627, there’s roughly 15% upside potential. But if $0.00000535 can’t hold, the story changes completely. If the 4-hour close breaks below this level and the selling volume clearly expands, SHIB may continue to search for support at $0.00000517—even as low as $0.00000489.
So in other words, SHIB is currently sitting right on a very critical “either-or” question:
📈 Hold $0.00000535 → rebound test $0.00000570 → $0.00000599 → $0.00000627
📉 Break below $0.00000535 → $0.00000517 → $0.00000489
And the RSI is currently only 31.79, already in a relatively weak zone, approaching oversold.
Click on my profile to follow me for daily market analysis and short-term trading strategy 🚀
#SHİB #柴犬币 #memecoin