Shiba Inu (SHIB), the biggest meme coin on Ethereum, is back in the spotlight, and this time, it is not just social media hype. It is coming from a technical setup that trade experts can spot right away — a potential golden cross forming on the daily chart by TradingView.
A golden cross happens when a shorter-term moving average rises above a longer-term one. In simple terms, it shows that recent prices are going up fast enough to overpower the general trend.
On SHIB’s chart, the 23-day simple moving average is climbing toward the 50-day line, and the price has already reclaimed both. That combo is what sets the setup on watch.
This is important because golden crosses do not show up during freefalls. They happen when the selling pressure dies down and buyers start taking control for several weeks. For SHIB, that process started after the low in late December near $0.000007, where sellers did not manage to push the token any lower despite trying a few times.
Next test for Shiba Inu is right around the corner
The 200-day exponential moving average is sitting just overhead, near the $0.0000106 area. This line has been stopping SHIB’s price from going up since fall, and it is still the main thing stopping the meme coin from moving higher.
If the golden cross is confirmed and SHIB can hold above the 200-day EMA on daily closes, the chart will open up quickly. Above that zone, resistance gets weaker and weaker until it hits the five-zero price area, making the zero deletion, which everyone has been talking about, more than just a headline idea.
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This is still a setup, not a finished move. But the structure is improving, pressure is building, and the price chart of the Shiba Inu coin is offering something it has not had in weeks — a technically defined path forward.
Source: https://u.today/shiba-inu-shib-eyes-5-digit-price-if-this-critical-golden-cross-finally-forms