Is the Shiba Inu Stock Going to Drop a Zero in the Face of the Uncommon Golden Cross Pattern?


Shiba Inu (SHIB) is capturing attention in the market as it surged 30% in the last week, and it is now trading at $0.000022. The emergence of a unique golden cross pattern has sparked enthusiasm and pointed to a promising future, which has led to this spike. This new information has piqued the curiosity of investors, who may soon be able to remove a zero from the price of SHIB. Will SHIB be able to keep this momentum going?

Can SHIB Remove a Zero off a Golden Cross?

Technically speaking, a bullish indicator called the golden cross pattern is formed when the 50-day moving average crosses the 200-day moving average. There have been sharper spikes after the appearance of this pattern on SHIB's chart in the past.

After SHIB's previous big golden cross in late 2023, the price surged by over 400% in a few of months, setting the ground for another powerful rally. At the moment, it seems like this trend is being repeated by SHIB's chart. When the 50-day moving average crosses over the 200-day, it might signal a potential breakout.

This warning follows the recent 18% surge in SHIB's price, which increased it from $0.0000209 to $0.000022 in a single day. These developments encourage investors and indicate that SHIB may soon lose nothing, if the current trend continues. Adding to its current trajectory, SHIB's burn rate has lately surged by 3,674%. The higher the burn rate, the fewer tokens there are in circulation, which might lead to a price increase due to increased scarcity. There has been a considerable uptick in whale activity, as major investors have shown increased interest in SHIB, suggesting a growing conviction in its potential for upside.

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