Shiba Inu (SHIB), the biggest meme coin on Ethereum, is back in the spotlight, and this time, it is not just social media hype. It is coming from a technical setup that trade experts can spot right away — a potential golden cross forming on the daily chart by TradingView.
A golden cross happens when a shorter-term moving average rises above a longer-term one. In simple terms, it shows that recent prices are going up fast enough to overpower the general trend.
On SHIB’s chart, the 23-day simple moving average is climbing toward the 50-day line, and the price has already reclaimed both. That combo is what sets the setup on watch.
![Article image]()
SHIB/USD by TradingViewThis is important because golden crosses do not show up during freefalls. They happen when the selling pressure dies down and buyers start taking control for several weeks. For SHIB, that process started after the low in late December near $0.000007, where sellers did not manage to push the token any lower despite trying a few times.
Next test for Shiba Inu is right around the corner
The 200-day exponential moving average is sitting just overhead, near the $0.0000106 area. This line has been stopping SHIB’s price from going up since fall, and it is still the main thing stopping the meme coin from moving higher.
If the golden cross is confirmed and SHIB can hold above the 200-day EMA on daily closes, the chart will open up quickly. Above that zone, resistance gets weaker and weaker until it hits the five-zero price area, making the zero deletion, which everyone has been talking about, more than just a headline idea.
This is still a setup, not a finished move. But the structure is improving, pressure is building, and the price chart of the Shiba Inu coin is offering something it has not had in weeks — a technically defined path forward.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu Burn Rate Jumps 637% as Exchange Supply Tightens
Key Insights:
Shiba Inu recorded a 637% increase in burn rate within 24 hours, removing over 8 million tokens and tightening overall circulating supply levels.
Exchange reserves declined to 80.76 trillion SHIB, indicating reduced selling pressure and signaling stronger holding behavior
CryptoNewsLand1h ago
Shiba Inu Team Shares Vital Ecosystem Update as SHIB’s Price Plunges 15% YTD
Shiba Inu continues to attract new holders, but most investors have joined the ecosystem for more than a year.
Nonetheless, the meme coin’s price has slipped by double digits since the start of 2026, while stalled activity on Shibarium suggests the downtrend may not be over.
Significant Progress o
CryptoPotato1h ago
Shiba Inu OI Turns Mute as Futures Traders Hold Back - U.Today
Shiba Inu's derivatives market shows decreased activity as open interest falls to 8 trillion, indicating traders are withdrawing positions. However, the asset's price has seen a slight increase of 0.73%, suggesting potential recovery and renewed bullish sentiment.
UToday4h ago
Shiba Inu Price Tests Key Support as Selling Pressure Builds
Shiba Inu's price fell 4.3% to $0.000005965, with sellers dominating. Immediate support is at $0.00000595, while Bollinger Bands indicate potential downside to $0.00000533. Long traders faced losses, reflecting a market lacking direction.
CryptoNewsLand4h ago
