SHIB key technical breakthrough signal: If this bullish pattern is confirmed, a new high may be seen next week

Source: CryptoNewsNet Original Title: $1,000,000,000 Is Up to Grab for Shiba Inu (SHIB) If This Bull Pattern Plays Out Next Week Original Link:

Technical Breakthrough Signal

The once-popular meme coin Shiba Inu (SHIB) has recently seen its first genuine bullish trigger signal in weeks, and this is not a traditional golden cross. This time, the green 23-day simple moving average crosses above the blue 50-day SMA — a short-term signal that, when accompanied by increased trading volume, often indicates a larger trend reversal.

According to TradingView data, this Ethereum-based meme coin is currently trading at $0.0000870 per SHIB, stabilizing above the key cluster of $0.00000810, which is the convergence point of the 50-day SMA and the short-term EMA. This crossover is not just a superficial phenomenon but the first similar technical alignment since October. A similar setup back then triggered a 20% rally.

Currently, the magnetic support level is at the 200-day EMA, with the price at $0.00001054 per SHIB, about 22% higher than the current level. From this perspective, the resistance at $0.00000900 is the last hurdle before Shiba Inu breaks out.

The last three trading days’ red candles have not broken this structure, and as long as $0.00000810 holds, this technical pattern remains valid.

Market Cap Potential

Shiba Inu’s market cap is $5.11 billion, slightly below Avalanche and DAI stablecoin. Historically, SHIB has outperformed these two in momentum trading, so this is not about meme coin hype but rather a short-term technical structure play.

If SHIB’s price rises and trading volume increases, algorithmic trading won’t care whether this crossover is “golden” or whether Shiba Inu is a “trendy” asset. They will simply follow the trend.