The recent performance of Shiba Inu (SHIB) has been quite interesting. The price surged to $0.000008932, an increase of 13.48%. More importantly, it not only broke through a key resistance level but also formed a golden cross pattern on both the hourly and 2-hour charts—such technical signals often indicate potential upcoming momentum.



This rebound isn't solely driven by SHIB. The entire cryptocurrency market is rallying, with the total market capitalization surpassing $45.3 billion. This is the first time since early October that the market has been able to consistently break above the 50-day moving average, indicating a genuine revival of market sentiment.

From a technical perspective, the next resistance levels are at $0.000011 and $0.000013. If the price can hold above these levels, the upside potential looks promising. Of course, given the high volatility typical of Meme coins, while riding the rebound, investors should also be cautious of potential pullbacks.
SHIB-2,06%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
PhantomMinervip
· 8h ago
Golden cross signals I've seen too many times; the key is whether the volume can keep up Wait, did it really break above the 50-day moving average? This has to be a genuine rebound, not a trap SHIB is fooling me into selling again; I should have held my position at 0.000011 That's how meme coins are—rise fast, fall even faster. I'm still on the sidelines Breaking the resistance level is good, but I want to see if it can push to 0.000013 or if it will quickly retrace The whole market is reacting; that's the real signal. Looking at SHIB alone is pointless Why didn't I buy at 0.000008? I made a mistake in my operation A bunch of technical patterns, but it's better to see what institutions are doing Rebound window? I feel like it's about to turn back into a correction window at any moment Can it really stabilize this time? I can't bet on this one
View OriginalReply0
WalletDetectivevip
· 17h ago
Shib this wave is indeed a bit fierce, the golden cross appeared and started to hype it up, but it's not just the overall rebound supporting the bottom. Wait a minute, I feel like the 0.000013 level is a bit shaky, meme coins are the kind that can flip on a dime. Another technical indicator looks good, but when the dump happens, everyone will shut up. Breaking through the resistance level gets you excited, but little do they know, meme coins are the best at faking signals. A big rebound is real, but whether shib can catch up depends entirely on whether retail investors follow the trend. Don't just look at the golden cross; during a correction, this thing can be cut in half instantly, you've seen it before. A total market cap of 45.3 billion just rebounded? That's called a resurgence of popularity? I think it's just like this. Technical signals are a joke in meme coins; when the whales dump, no pattern is effective.
View OriginalReply0
MEVEyevip
· 01-07 00:05
The golden cross is back again. Every time, they say there are highlights, but what’s the result? SHIB is just surviving on hype.
View OriginalReply0
LiquidationWatchervip
· 01-06 20:19
The SHIB break above the resistance level is good, but the "golden cross" theory has been heard too many times. Every time, they say there's a highlight, but then it crashes down. The last warning about preventing a pullback sounds easy, but when the decline actually happens, it's a whole different story. Meme coins are just gambling games; don't be fooled by technical analysis.
View OriginalReply0
ChainProspectorvip
· 01-04 21:52
The golden cross is back again. Every time, they say there are highlights, but in the end... it's still the same old story. Can SHIB hold steady at 0.000011 this time? Honestly, I don't really believe it. I'll wait for a pullback before I buy in again.
View OriginalReply0
ForkPrincevip
· 01-04 21:38
The golden cross is back again. Every time there's a highlight, what was said last time... Whether SHIB can hold steady at 0.000011 this time is the real question, otherwise it will mess with people's mentality again. Meme coins are like this: it's great when they rise, but when they fall, they plummet rapidly. Still, you need to keep some positions for defense. As long as the whole market is rebounding, it's good news. We'll keep waiting. If it really breaks 0.000013, I'll add to my position. The signals this time look pretty good.
View OriginalReply0
SerNgmivip
· 01-04 21:24
The golden cross is back. Can SHIB hold up this time, or will it be a fleeting moment? Honestly, this rebound of SHIB looks somewhat promising, but Meme coins are like that—what rises today might rug pull tomorrow. Waiting to see if it can stabilize at those two levels; otherwise, all efforts will be in vain. With a market cap of 45.3 billion, it still feels like it's not quite ready yet. When will it truly take off? I don't dare go all-in, just watch and see. Anyway, with such high volatility, I'll take profits gradually if it surges.
View OriginalReply0
GateUser-3824aa38vip
· 01-04 21:22
The golden cross is back again. Whether it can truly break through this time depends on the situation. Anyway, I'm waiting until 0.000011 to make a move.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)