The price of Shiba Inu (SHIB), the second-largest meme-inspired cryptocurrency, is approaching its first golden cross on the price chart since December 2023. The golden cross occurs when two moving averages, the 50-day and 200-day moving averages, converge. In the past, the occurrence of a golden cross has resulted in growth for SHIB, although not consistently. After the previous golden cross in February 2023, the price initially rose but later fell. While a repetition of similar results is not guaranteed, historical data suggests that SHIB has shown growth after golden crosses in the past.
- Content Editor ( u.today )
- 2024-10-20
Shiba Inu (SHIB) on Verge of Golden Cross: Possible Scenarios