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The price of Shiba Inu (SHIB) is $0.00001356, representing a slight gain of 0.9% on the day, as of April 30, 2025, 1:59 PM UTC. After several months of sideways price action, coupled with waning momentum, the SHIB token appears to be waking up from its slumber, with supporting indicators of a possible golden cross formation, a strengthening MACD, and rising whale accumulation.
Technical and on-chain signals are converging, indicating that SHIB may be on the verge of a breakout to the upside.
In the case of SHIB, the short-term 20-day EMA is rapidly approaching a crossover above the longer-term 50-day EMA, setting up what is commonly regarded as a golden cross. Historically considered a bullish indicator, this crossover suggests the potential for a trend reversal or the start of a new upward momentum phase.
On the chart, the 20-day EMA is positioned just above the $0.00001304 level, while the 50-day EMA is above the $0.00001319 level, representing a narrow gap of 15 points. This suggests that the crossover may be confirmed at any time in the next few days.
Above these obstructions are the 100-day EMA at $0.00001463 and the 200-day EMA at $0.00001642, representing dynamic resistance zones. It would, therefore, be unequivocally bullish for SHIB in the case of a breakout above all four EMAs.
The MACD (12, 26, close), a momentum indicator, has also turned bullish. The MACD line (blue) has crossed above the signal line (orange) and into positive territory. The value of the current MACD is 0.000000036 and 0.000000021 of the signal line, with increasing bars of the green histogram.
This crossover endorses the bullish idea that the longer-term momentum is gaining strength.
Recent on-chain data reveal that large investors are accumulating SHIB. Whale wallets transferred a substantial amount of 2.6 trillion SHIB, equivalent to approximately $48.8 million. The inflow from whales increased by 800%, with netflows from large holders rising by over 315%.
This can only indicate that institutional high-net-worth participants are positioning themselves in advance of a significant price move.
Meanwhile, industry chatter around a Shiba Inu ETF is gaining momentum. Although placements have yet to materialize, fund managers are reportedly closely monitoring SHIB's price structure and community strength, particularly in the backdrop of two successful altcoin ETFs for XRP and Solana. A SHIB futures ETF may significantly enhance the long-term credibility of SHIB as an asset and potentially attract institutional investment.
Bullish Scenario: If SHIB does turn out to confirm the golden cross by breaking above the nearby 100-day EMA ($0.00001463), the next level of resistance will be the 200-day EMA at $0.00001642. Successfully flipping this level may lead the SHIB price north toward $0.00001864, realizing a further potential upside of 33% from current levels.
The further target levels would, therefore, be $0.00002110 and $0.00002460, which coincide with prior price peaks and high-volume nodes.
Bearish Risk: If SHIB cannot maintain short-term EMA levels clustered between $0.00001304-0.00001319, then it may retrace back toward $0.00001250. A larger drop could position it down toward $0.00001100, effectively ending the bullish outlook for Shiba Inu.
Technically and on-chain, Shiba Inu is at a point of inflection. While the golden cross will probably occur in not more than a day or two, the MACD does start to trend bullish, along with whales who have opened their mouths and inhaled trillions of tokens. Together with this ETF speculation, SHIB is on the verge of breaking out of its consolidation towards the upside. Traders are advised to remain vigilant for confirmation.
However, several signs on the ground are being formed for a possible rally, and this movement can easily become decisive.
