Shiba Inu (SHIB), after a continuous fall... Flashes Golden Cross and signals a major reversal

▲ Shiba Inu (SHIB)/AI Generated Image

Shiba Inu (SHIB), which had been continuing its sharp decline, has completed a strong bullish reversal signal on its short-term chart, instantly capturing the attention of investors.

According to crypto media outlet U.Today on July 7 (local time), Shiba Inu completed a mini Golden Cross on its 4-hour chart, where its short-term moving average line broke above its medium-term moving average line. Specifically, the 23-day moving average crossed above the 50-day moving average, a movement primarily observed around $0.000004346. The market widely believes that a strong influx of short-term buying has laid the groundwork for a full-fledged technical rebound.

However, since this mini Golden Cross is a signal on a short-term chart, it is difficult to confirm it as a long-term trend reversal. The possibility of a temporary rebound following a 24% sharp decline throughout June should also be considered. For the upward trend to fully establish itself, the price must be supported above the current moving average lines, and additional buying pressure from the market is essential.

The first resistance level that could hinder Shiba Inu's short-term rally has been identified as the range between $0.00000470 and $0.00000480. The 200-day moving average, a long-term baseline, is located within this range, making it likely to act as strong resistance. The outlet predicts that if Shiba Inu completely breaks through this resistance zone, approximately 9% of additional upward potential could open up based on past patterns.

This current rebound trend also aligns with Shiba Inu's past seasonal repetition patterns. According to CryptoRank data, Shiba Inu has historically shown a strong rebound in July after undergoing corrections in spring and summer. Indeed, Shiba Inu closed July with a 13.4% gain in 2022, 11.8% in 2023, and 8.92% in July 2025. This month, it has already risen by 3.56%, moving towards its past average July return of 6.24%.

The sustainability of the future bullish trend depends on whether the breakthrough of the 200-day moving average is accompanied by trading volume. If the $0.000004346 support level is maintained and the resistance zone is breached, the next target price would be around $0.00000475. Conversely, if it retreats after hitting resistance, the short-term bullish pattern could break down, potentially retesting the psychological support level of $0.00000400, the low from last June.

[Article Key Summary]

-Shiba Inu has triggered a rebound signal by completing a mini Golden Cross on its 4-hour chart, where the 23-day moving average crossed above the 50-day moving average.

-Historically, Shiba Inu has shown bullish trends every July, and this month it has already risen by 3.56%, replicating its past seasonal repetition pattern.

-The future will be determined by whether it breaks through the 200-day moving average resistance level at $0.00000470, leading to a potential 9% additional gain or a fall to the $0.00000400 range.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*