Despite recent price correction, Shiba Inu’s golden cross on the chart remains intact, suggesting a potential bullish trend. The correction was influenced by reports of an investigation into Tether by the U.S. government for possible anti-money laundering violations.
Price Drop Following Tether News
Over the weekend, the cryptocurrency market experienced a correction, impacting #Shibalnu ($SHIB ) after news of the Tether investigation broke. Although Tether's CEO Paolo Andoino quickly denied these allegations, SHIB’s price dropped from $0.00001740 to $0.00001646. Since then, the price has stabilized around the $0.0000165 mark.
Shiba Inu’s Golden Cross Remains Valid
Despite recent fluctuations, Shiba Inu’s golden cross remains in effect on the chart. This pattern occurs when a short-term moving average crosses above a long-term moving average, often viewed as a bullish indicator. Currently, SHIB’s price is around $0.00001684, close to the 50-day moving average, which is a part of this pattern.
Will Shiba Inu Continue Its Rally in November?
With the Tether news fading, the question is whether Shiba Inu will continue its October rally into November. Historical data from CryptoRank indicates that November has typically been unfavorable for SHIB – showing a 29.6% loss in November 2021 and a 24.93% drop in 2022. The only positive November was in 2023, with a slight gain of 6.62%. SHIB’s average November loss is around 15.9%, suggesting potential for a double-digit decline next month.
However, increased activity on Shibarium and the persistence of the golden cross may offer some optimism for SHIB.
Significant Growth in Shibarium Activity
Last week, Shibarium activity saw substantial growth. On October 23, the number of active accounts increased by 1,557% to 26,237, leading to a boost in transaction volume to 3.24 million. This number rose to 4.76 million on October 26, and while it later dropped to approximately 700,000, the transaction volume remains higher than at the start of the month.
This rise in transaction activity could strengthen investor confidence in Shiba Inu and increase demand for its ecosystem tokens, including SHIB.

#memecoin🚀🚀🚀 , #GoldenCross , #Shibarium , #MemeCommunity

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Uniswap Experiences Significant Growth After Period of Stagnation
Uniswap’s price has recently surged, breaking out of a months-long phase of low momentum that has persisted since July. Over the last 24 hours, Uniswap (UNI) rose by 35%, bringing new optimism to altcoin investors.
This recent growth suggests that Uniswap’s price could potentially rise above the $10 mark in the coming days.
Positive Market Sentiment and Uniswap’s Potential
Uniswap’s market sentiment shows encouraging signs, with most daily transactions being profitable. This balance indicates that, despite the prolonged period without substantial gains, investors have not faced significant losses. Consistently profitable transactions have maintained investor confidence and driven market activity, which supports Uniswap’s liquidity.

Maintaining high liquidity is crucial for attracting additional investments, as it creates a stable market environment. As gains encourage participation, Uniswap could see a stronger influx of capital in the near future.
Uniswap’s macro momentum suggests potential growth, with technical indicators like the exponential moving averages (EMA) pointing toward a possible Golden Cross. Currently, Uniswap is experiencing a Death Cross that formed three months ago when the 50-day EMA crossed below the 200-day EMA, signaling a bearish trend.
The recent 35% rally, however, has narrowed the gap between these EMAs, creating conditions for a potential Golden Cross—a bullish signal for future price growth. The Golden Cross typically marks the end of a downtrend and the beginning of an uptrend, often drawing greater investor attention.

UNI Price Prediction: The Next Target Is $10
Currently trading at $9.19, Uniswap’s recent 35% increase has allowed it to regain support at the $9.09 level. Holding this support is essential for Uniswap to sustain its current momentum, potentially enabling further price gains in the short term.
The next target for Uniswap is breaking resistance at $10.06, a level that hasn’t been tested in nearly five months. Successfully converting this resistance into support could pave the way for further upward movement, strengthening UNI’s bullish outlook and attracting more market participants to buy.

However, if Uniswap fails to hold the $9.09 support level, a possible downturn could lower the price to $8.23 or below. This drop would invalidate the current bullish outlook, indicating a need for consolidation before another rally attempt.

#UniswapUpdate , #GoldenCross , #UNI: , #CryptoNewss , #CryptoNewsCommunity

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Shiba Inu (SHIB), the beloved meme coin and second-largest in its category, is approaching a moment that could shake up the entire #crypto market: the elusive Golden Cross. For the first time since December 2023, we’re seeing a potential alignment of the 50-day and 200-day moving averages on SHIB’s daily chart. If history is anything to go by, this technical pattern could spark another massive price surge, and every SHIB enthusiast is on edge!
Current Price: $0.00001698 (+0.23%)
What’s Happening on the Chart? 📈
In recent weeks, Shiba Inu broke free from a six-month downtrend, skyrocketing 57% over eight days before retreating by 27% over the next six days, hitting a low of $0.00001548 on October 3. After consolidating and regaining strength, SHIB has climbed nearly 20% in the past 17 days. Now, with the 50- and 200-day moving averages nearing a cross, there’s anticipation that SHIB could repeat past performance.
🚀 Why the Golden Cross Matters
Historically, the Golden Cross signals potential for a bullish rally as it indicates strengthening upward momentum. The last time we saw this setup was early last year when SHIB’s price leaped by 48% in just two weeks. Then, in a spectacular 2023 run, SHIB surged 148%, even peaking at a whopping 475% increase before eventually forming a bearish Death Cross on July 17.
Possible Scenarios: Boom or Bust? 🔮
While every Golden Cross doesn’t guarantee massive gains, SHIB’s track record shows exciting potential. Here are the two key scenarios to watch for:
1. 🚀 Bullish Explosion: If SHIB manages to complete the Golden Cross and sustain above critical levels, we could witness a robust rally, drawing in new buyers and possibly pushing the price to multi-month highs. Based on past events, gains of up to 50% or even more aren’t out of the question.
2. ⚠️ Temporary Pullback: Of course, caution is essential. Past Golden Cross patterns for SHIB have sometimes led to sharp pullbacks soon after the initial surge, with prices dropping nearly as quickly as they rose. Investors should keep an eye on the charts and be ready for sudden reversals.
Learn from History, Prepare for the Future 📊
Remember February 2023? SHIB shot up 25% in a single day, only to fall by 28% a few weeks later before the trend shifted again. The meme-inspired token’s history tells a tale of rapid moves, but with unpredictable patterns. While the potential for gains is undeniable, every SHIB holder should stay vigilant and consider past volatility as a key factor in making decisions.
The crypto market may be unpredictable, but Shiba Inu fans know one thing: the next few weeks will be crucial.
Stay tuned, SHIB army – we’re standing on the edge of something big. Whether this Golden Cross brings a rally or a reversal, the market’s eyes are on Shiba Inu.
#shiba⚡ #GoldenCross #CryptoAlert #BinanceUpdates #TetherUnderInvestigation
Disclaimer: As with all market moves, stay informed and proceed with caution. Past performance doesn’t guarantee future results! $SHIB

Dogecoin Approaching the "Golden Cross" Pattern
Dogecoin (DOGE), known for its dog-themed appeal, is close to achieving the rare "Golden Cross" pattern. This chart pattern occurs when a short-term moving average, typically the 50-day SMA, crosses above a long-term moving average, like the 200-day SMA, often seen as a bullish signal.
On Dogecoin’s daily chart, the 50-day SMA appears poised to cross above the 200-day SMA in the coming days. This pattern suggests that short-term price momentum is outweighing long-term momentum, potentially triggering a bullish run. The last Golden Cross for Dogecoin happened in November 2023, and interestingly, Dogecoin experienced this pattern in November 2022 as well, marking two consecutive years with this bullish signal appearing in the same month.
A November Golden Cross for the Third Year in a Row?
Given current market trends, it's possible that Dogecoin may reach another Golden Cross this November. If it happens, it would be the third November in a row with this rare pattern, making it a noteworthy occurrence in its trading history.
A Bullish November for Dogecoin?
With previous Golden Crosses in November 2022 and November 2023, the prospect of a third consecutive Golden Cross in November 2024 is drawing significant attention. Crypto analyst Ali predicts a parabolic bull run for Dogecoin in November if the price holds steadily above $0.20.
Risks of Moving Averages as Indicators
Although the Golden Cross based on moving averages is often seen as a bullish signal, it’s also criticized as a lagging indicator, which could mislead traders. This was the case in November 2022 when, after the Golden Cross, Dogecoin posted a 16% loss. However, in November 2023, Dogecoin rose by 22%, showing positive performance.
The Market Watching Developments Closely
In the coming days, investors and traders will closely watch to see if #Dogecoin‬⁩ achieves another #GoldenCross , adding an extra layer of intrigue and speculation to its price performance.

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