- Golden cross fuels short-term optimism as SHIB tests recovery strength
- SHIB rebound faces resistance despite improving hourly momentum signals
- Traders watch key levels as Shiba Inu attempts cautious comeback
Shiba Inu returned to market focus after a bullish technical signal surfaced on its hourly chart, as SHIB showed early signs of stabilizing after weeks of muted price action. Analysts observed a golden cross formation as the 50 moving average climbed above the 200 moving average on the hourly timeframe, a development that often points to improving short-term momentum.
At the same time, SHIB attempted a modest rebound after finding support near $0.000007 and advanced toward $0.00000739 before meeting renewed resistance. Momentum pushed slightly higher in later sessions, with SHIB trading around $0.00000738 and posting a 2.82% daily gain, although price action remained tightly range-bound.
Meanwhile, broader crypto market conditions delivered mixed signals as Asian trading hours recorded mild gains, raising hopes for a delayed breakout after a weak year-end rally. However, repeated selling during minor recoveries continued to cap upside potential, reinforcing concerns that traders remain quick to lock in profits.
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Short-Term Signal Emerges as Broader Trend Remains Under Pressure
Despite the golden cross, SHIB’s broader trend continued to reflect weakness, with data showing an 11.84% decline in December and a 66.8% drop yearly. Resistance levels stayed clearly defined, with $0.00000826 acting as the next hurdle and $0.000011 standing as a higher upside target if momentum improves.
On the downside, buyers maintained support near the $0.000007 zone, which recently acted as a base for the rebound attempt. Moreover, market participants emphasized that golden crosses on hourly charts carry limited weight, meaning sustained price strength remains necessary for confirmation.
Macroeconomic uncertainty also shaped sentiment, as expectations around future monetary policy continued to influence risk appetite across digital assets. Lower liquidity toward year-end added further caution, increasing the likelihood of short-lived moves and unreliable technical signals. Even so, the golden cross offered a temporary boost to sentiment, with traders now watching whether SHIB can hold support and challenge resistance levels to support a broader comeback attempt.
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