Shiba Inu Forms Golden Cross on 1-Hour Chart, Surges Toward Previous High

▲ Shiba Inu (SHIB) / AI-generated image

Shiba Inu (SHIB) completed a Golden Cross—an early signal of a technical rebound—on the 1-hour chart, recording a sharp price surge of more than 6% over the weekend.

According to cryptocurrency media outlet U.Today on February 15 (local time), Shiba Inu achieved a Golden Cross on the hourly chart as the 50-hour moving average crossed above the 200-hour moving average. Shortly after this technical signal emerged, SHIB’s price jumped დაახლოებით 6%, marking the strongest and most volatile weekend rebound in the past 20 weeks.

The rally is analyzed as having gained synergy from Bitcoin (BTC) reclaiming the $70,000 level, which helped restore overall investor sentiment in the digital asset market. After breaking through a key resistance level on the hourly chart, Shiba Inu continues attempts to establish a stable support line, strongly stimulating buying interest from retail investors seeking short-term gains.

On-chain data also indicates positive signals. Shiba Inu’s open interest increased alongside its price rise, demonstrating a recovery in market liquidity and participation. In addition, ongoing Shibburn activities, which reduce the token supply within the network, have further heightened holders’ expectations for long-term scarcity value.

The recent surge has also been supported by increased transactions on Shibarium, Shiba Inu’s Layer 2 solution, along with strong community backing. Rising in tandem with Dogecoin (DOGE) and other meme coins, Shiba Inu has reaffirmed its presence as more than just a passing trend through improving technical indicators.

Currently, Shiba Inu is maintaining momentum formed after the Golden Cross and attempting to break through upper resistance levels. As price stability among major assets led by Bitcoin persists, market attention is focused on the possibility of further upside for SHIB, while investors closely monitor the potential for short-term corrections.

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