Shiba Inu Forms Rare 'Golden Cross' but Falls 5.72% as Liquidations Hit $634M
- —50-day MA crossed above 200-day MA, the first Golden Cross since November 2024
- —SHIB fell 5.72% in 24 hours to $0.00000545 after bouncing from $0.00000550
- —$634 million liquidated in 24 hours, with longs losing $572.36 million
- —RSI retreated to a neutral 45.30, signaling fading buyer momentum
Why it matters: Holding $0.00000550 would validate the rare signal and open the way to $0.00000650; losing $0.00000530 would invalidate the Golden Cross and resume the downtrend.
Source: U.Today