The cryptocurrency Shiba Inu (SHIB) has formed a golden cross on the weekly time frame, which is a rare technical event associated with strong bullish momentum. This has caught the attention of traders as it could potentially lead to a significant price increase. The last time SHIB saw this pattern, it resulted in a 377% price explosion. However, it is important to note that technical patterns are not guaranteed predictors of future price movements. While the golden cross is a positive sign, other factors such as market conditions and investor sentiment can influence the outcome. Therefore, it remains uncertain whether this will lead to a major rally or just a short-term spike. Nonetheless, it is an event worth monitoring for those interested in SHIB.



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