Shiba Inu’s First December Golden Cross Arrives—How High Will the Rocket Go?
Shiba Inu just flashed a bullish signal that has traders scrambling. The meme coin's first golden cross of the month is in—a technical event where a short-term moving average surges above a long-term one. It's the classic chartist 'all clear' that often precedes a run.
The Bullish Signal Explained
Forget the complex jargon. A golden cross is simply the market's way of shouting that momentum has shifted. It suggests recent buying pressure is strong enough to overtake longer-term trends. In Shiba Inu's volatile world, these moments can be launchpads.
Potential Trajectory and the Meme Factor
History doesn't repeat, but it often rhymes. Past golden crosses have ignited parabolic moves in SHIB, fueled by its relentless community and social media frenzy. The question isn't just about charts—it's about whether the 'Shib Army' rallies for another push. Targets get thrown around, but in crypto, sentiment often trumps fundamentals.
The ceiling? Technically, it could revisit previous resistance zones. Realistically, its path will be dictated by the same speculative fervor that makes traditional finance veterans scoff into their balanced portfolios. One thing's certain: when SHIB moves, it doesn't do subtle.
Shiba Inu has experienced its first golden cross for the month of December, building momentum for a decisive MOVE to greater heights. Beyond the recent dip, momentum could be building for Shiba Inu, the second-largest meme coin by market cap.
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