Shiba Inu Forms First Daily Golden Cross in Nearly Two Years
- —50-day MA crossed above 200-day MA, the first daily golden cross in nearly two years
- —SHIB gained 3.24% in 24 hours to $0.000005936, up 1.52% on the week
- —Rebound started from a Sept. 29 low of $0.00000550, now in its fourth day of gains
- —Support seen at the 50-day and 200-day MAs around $0.00000533
Why it matters: Past golden crosses coincided with recoveries after prolonged selling; a repeat could see SHIB target $0.00001.
Source: U.Today