SHIB rises 17% to $0.00000551, completes hourly 'golden cross'
- —SHIB rose 17% from $0.00000474 to $0.00000551 over three sessions
- —The 50-MA crossed above the 200-MA on the hourly chart — a 'golden cross'
- —Key resistance is $0.00000575, target is $0.00000623
- —Glassnode: altcoin leverage is below the overheating threshold
Why it matters: A break above $0.00000575 would open the way to $0.000006, but excessive leverage could interrupt the rally.
Source: U.Today