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Shiba Inu's latest golden cross signals a potential rebound but faces immediate resistance levels.

Technical Signals
12 Jun 2026
UToday
View Source
Neutral
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Shiba Inu (SHIB) recently formed a golden cross on its hourly chart, indicating a short-term bullish signal as the 50-day moving average crossed above the 200-day moving average. This comes after a two-day price decline influenced by inflation concerns and interest rate fears. Despite this, SHIB rebounded from a low of $0.00000455 to an intraday high of $0.00000489. However, the broader trend remains weak with bearish sentiment prevailing, and the rally faces resistance at key daily moving averages of $0.00000573 and $0.0000066. Additionally, SHIB received positive news as Japan's Mercari marketplace added the token, potentially increasing its user base.

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