Why Is Shiba Inu Going Up? Golden Cross and Silent Market Shifts
Why is Shiba Inu going up right now? Well, the meme coin is experiencing quite an unexpected price surge driven by a potential golden cross formation, and also whale accumulation, plus ongoing ecosystem developments. At the time of writing, SHIB has climbed to $0.00001160 after recovering from support, and technical indicators are suggesting bullish momentum despite broader market caution. Also Read: Shiba Inu ETF Approval Once Again Delayed: What’s Really Going On? Shiba Inu Price Drivers: Golden Cross, Whale Moves, And Ecosystem Push Source: Watcher.Guru Golden Cross Pattern Signals Bullish Momentum The question of why is Shiba Inu rising can be understood better when you look at the formation in an hourly chart. At the same time, a Shiba Inu golden cross is forming with 50 EMA moving towards a point where it will cross above the 200 EMA. The technical pattern is a good indicator of the start of a bullish period / relief rally and the traders are alert to this signal. Source: Trading...