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Once-popular meme cryptocurrency Shiba Inu ($SHIB) just experienced its first real bullish trigger in weeks, and it is not the typical golden cross. This time, the green 23-day simple moving average is slicing above the blue 50-day SMA — a shorter-term signal that often precedes bigger trend reversals when paired with volume expansion.
Based on TradingView data, the biggest meme coin based on Ethereum is now trading at $0.0000870 per $SHIB after stabilizing above the key cluster around $0.00000810, where the 50-day SMA and short-term EMAs converge. The crossover is not just cosmetic, it is the first such alignment since the October surge, when a similar setup preceded a 20% increase.
As of now, the magnet sits at the 200-day EMA at $0.00001054 per $SHIB, which is about 22% above the current level. From this point of view, the $0.00000900 ceiling is the last line before a breakout for the Shiba Inu coin.
Several red candles over the past three sessions have not erased the structure, and as long as $0.00000810 holds, the setup remains valid.
$1,000,000,000 for $SHIB
The market cap of the Shiba Inu coin is $5.11 billion, which is just below Avalanche and DAI stablecoin. From a historical perspective, $SHIB has surpassed both during momentum trades, so this is not about meme hype, but just a short-term structure playing out.
If the price of $SHIB increases and volume follows, the algorithms will not care whether the cross was "golden" or not or whether the Shiba Inu coin is a "fashionable" asset. They will follow the trend.