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Shiba Inu hits key price milestone with a mini golden cross, sparking a 16% Q3 rally despite usual August slump.

Technical Signals
05 Aug 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) has formed a rare mini golden cross, where the short-term moving average crossed above the longer-term average, signaling a potential bullish trend. This technical event has sparked an unexpected 16.7% price increase in Q3, defying its typical August decline. The token faces resistance around $0.00000518 and must hold above $0.00000446 to maintain the bullish outlook. Three scenarios are possible: a breakout leading to strong Q4 gains, consolidation within a range, or a false signal causing a price drop. The coming days will reveal if this mini golden cross leads to a sustained uptrend or remains a temporary anomaly.

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