Shiba Inu Signals Bullish Reversal? A Golden Cross Faces Resistance

A golden cross has recently appeared on the Shiba Inu hourly chart, prompting hopes of a bullish market reversal. This signal occurs when a short-term moving average (like the 50 SMA) crosses above a long-term one (like the 200 SMA), indicating potential price increases in the short term. However, the recent surge in SHIB’s price could be attributed to a temporary upward momentum rather than a lasting trend.