Key Insights:
Shiba Inu's price consolidation within a strong demand zone raises the likelihood of a Golden Cross formation in 2026.
The MACD crossing above the signal line and rising open interest signal positive short-term momentum for SHIB.
The $0.0000070-$0.0000075 support range is crucial for Shiba Inu’s price outlook and Golden Cross development.
The debate around Shiba Inu’s (SHIB) potential Golden Cross formation in 2026 has gained momentum. Despite facing pressure, SHIB’s price is consolidating within a defined demand zone, a key aspect in determining if a bullish crossover will occur. As of now, the token is trading around $0.00000715, with price action showing signs of absorption rather than aggressive selling. This behavior suggests that the market is preparing for a possible upward move, with the potential for a Golden Cross.
Price Consolidation Supports Golden Cross Possibility
Shiba Inu’s price has been trading below resistance levels for months. The continued interaction with a strong demand base has contributed to the recent stabilization. This long period of consolidation is critical as it sets the stage for the 50-day Exponential Moving Average (EMA) to potentially cross above the 200-day EMA. This crossover, known as the Golden Cross, typically signals a shift toward a bullish market.
However, the formation of this crossover is contingent on the price's ability to remain above the $0.0000070-$0.0000075 range. Despite several attempts to break lower, the price has been resilient, showing no significant follow-through on the downside. The lack of downside pressure strengthens the case for a Golden Cross, though further price action is needed to confirm this shift.
Indicators Show Stabilization Rather Than Reversal
The Relative Strength Index (RSI) is currently at 38, indicating bearish pressure. However, there’s no indication of oversold conditions, which points to an absence of strong selling. Additionally, the Moving Average Convergence Divergence (MACD) has crossed above the signal line, with histogram bars turning positive. This subtle shift in momentum is indicative of short-term strength within the consolidation phase. These developments suggest that if SHIB can break free from its downward channel and create higher lows, the bullish momentum may continue, leading to the convergence of the two EMAs.
Source: TradingView
Despite a daily price decline of 3.58%, open interest in SHIB futures rose by 6%, reaching $81 million. This increase in open interest suggests that traders are positioning themselves for a potential breakout, expecting price movement rather than liquidation. The balance in leverage suggests that a significant breakdown is unlikely in the short term. Should SHIB maintain its price above the demand zone and push past key resistance levels, the likelihood of an upward movement strengthens.
Golden Cross Formation Remains Conditional
While the potential for a Golden Cross in 2026 is structurally valid, it depends on Shiba Inu's price staying above the $0.0000070 mark. If the price holds and continues to stabilize above $0.0000082, the gap between the 50-EMA and the 200-EMA will likely narrow, increasing the probability of the crossover. On the other hand, if the price falls below $0.0000070, it would invalidate the setup, postponing the formation of a Golden Cross.
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