Shiba Inu golden cross on the hourly chart signals a short-term bullish momentum after the short-term moving average crossed above the long-term average, driving a spike to $0.0000135; traders should watch nearby SMA50/SMA200 levels and volume for confirmation.
Hourly golden cross confirmed: short-term SMA crossed above long-term SMA, prompting strong intraday buying.
Shiba Inu peaked at $0.0000135 on renewed Fed dovish hopes, then retraced amid profit-taking.
Daily SMA50 and SMA200 are converging; a death cross or golden cross on the daily chart will shape medium-term bias.
Shiba Inu golden cross signals short-term bullish momentum after an hourly SMA crossover; read COINOTAG analysis of levels, risks, and next steps for traders.
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Shiba Inu golden cross on the hourly chart is when a short-term moving average crosses above a longer-term moving average, indicating rising short-term momentum. The hourly SMA crossover produced immediate buying pressure and a spike to $0.0000135, signaling potential continuation if supported by volume.
The hourly golden cross came as market participants digested dovish commentary from Fed Chair Jerome Powell at the Jackson Hole symposium and rising odds of a September rate cut. Short-term traders responded quickly, buying dips into the crossover.
Fed dovishness lowered short-term yields and boosted risk appetite, which supported altcoin demand, including SHIB. Traders reacted to higher perceived probability of a September rate cut by buying into short-term momentum plays.
Volume confirmed the initial move but profit-taking followed, producing a 3.2% intraday decline to $0.00001276 and a 3% weekly drop as traders locked gains.
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Source: https://en.coinotag.com/shiba-inu-may-see-daily-golden-or-death-cross-after-hourly-golden-cross-amid-fed-driven-buying/