Shiba Inu (SHIB) Surges 6% as Golden Cross and AI Teaser Spark Bullish Momentum

ShibaInu

Key Takeaways:

  • Golden Cross and ceasefire events have triggered renewed bullish interest in SHIB.
  • Shytoshi Kusama’s AI teaser has ignited community speculation and FOMO.
  • MACD crossover supports a near-term rally, with $0.000020 as the next key target.

Shiba Inu (SHIB), the second-largest meme coin by market cap, could be gearing up for a major price rebound. After months of steady decline since its post-election rally in November 2024, SHIB is showing early signs of a turnaround. With bullish technical patterns forming and renewed community excitement, investors are keeping a close watch.

Golden Cross and Ceasefire Signal Momentum Shift

A major technical milestone was achieved on June 24, when Shiba Inu’s price action formed a golden cross — a bullish signal that occurs when a short-term moving average crosses above a long-term moving average. This formation coincided with geopolitical relief, as the Iran–Israel conflict de-escalated following a ceasefire called by U.S. President Donald Trump.

This alignment of technical and macroeconomic catalysts has historically preceded strong rallies, adding weight to the current bullish sentiment.

SHIB Developer Sparks FOMO with AI Teaser

On July 1, Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, further energized the community by posting an AI-generated video on X (formerly Twitter). The teaser hinted at upcoming developments with a cryptic caption: “Prepare for many announcements, releases, and discussions.”

Although the exact nature of the AI initiative remains unknown, speculation is running rampant. The SHIB Army, Shiba Inu’s devoted community, is interpreting this as a potential leap into AI integration—an increasingly hot trend in the crypto space.

MACD Crossover Confirms Bullish Technical Setup

Shiba Inu’s Moving Average Convergence Divergence (MACD) indicator has also formed a bullish crossover. This occurs when the MACD line crosses above its signal line, typically signaling a buy opportunity and increased upward momentum.

Also Read: Shiba Inu (SHIB) Primed for Breakout as Bullish Signals Strengthen and 2025 Price Forecasts Rise

The pattern was spotted on the 4-hour chart and supported by a 6% price increase over the past 24 hours, bringing SHIB to $0.000012 at the time of writing. This technical setup, coupled with macro and community-driven factors, sets a solid foundation for potential gains.

With SHIB’s market cap benefiting from the broader 2.8% surge in the global crypto market—now at $3.39 trillion—the meme coin is targeting the $0.000020 psychological resistance. Should bullish momentum persist, a breakout toward its November 2024 high of $0.000033 is possible.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.