Market News / Story
Shiba Inu (SHIB) Rare 'Golden Cross' Breakout Meets Immediate Reality Check
U.Today ·
U.Today reports: A Golden Cross has formed on Shiba Inu's COINBASE:SHIBUSD daily chart — a strong bullish signal in which the 50-day moving average crosses above the 200-day moving average. This is a rare event for the market - investors have not seen a full crossover of these indicators since November 2024. However, the long-awaited technical breakout immediately ran into heavy selling pressure, turning into an immediate reality check for the emerging trend amid a broad market sell-off.…