Shiba Inu is starting to heat up, with three straight days of gains triggering a key technical breakout that has bulls on high alert.
While the Shiba Inu price prediction is still taking shape, a powerful buy signal just lit up the charts.
On the hourly timeframe, the 50-period simple moving average has surged above the 200-period. This is a classic golden cross pattern that often marks the beginning of a strong upward move.
As a result of the latest downturn, SHIB has booked a 60% year-to-date loss. Wall Street seems to have focused on getting a Dogecoin ETF out there first before aiming for other tokens.
However, as the regulatory landscape becomes much more supportive, it should be a matter of time for a Shiba Inu ETF to hit the market.
Paired with the buy signal mentioned earlier, meme coins could be getting ready to make a comeback in 2026.
Shiba Inu Price Prediction: RSI Sends Buy Signal After Key Support Bounce
The daily chart indicates that the price has bounced off a key trendline support in the past few days and could begin its ascent from $0.0000080 to $0.000012 in the next few days.
This would mean a 50% upside potential in the near term for SHIB, without necessarily pushing the envelope too much.
The Relative Strength Index (RSI) just popped up the signal line, which also favors a bullish outlook. This indicates that positive momentum is accelerating as macroeconomic conditions improve.
Trading volumes need to rise to confirm the relevance of this support bounce, as they are currently a bit low at around 3% of the token’s circulating market cap.
ChatGPT said:
If the Federal Reserve cuts rates in December, it could trigger a surge in trading volume, setting the stage for meme coins to rally.
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Participate in the Pepenode Presale HereThe post Shiba Inu Price Prediction: Rare Golden Cross Just Flashed – Could This Be the Start of a Massive Rally? appeared first on Cryptonews.
