I just noticed an interesting thing on the 30-minute Shiba Inu price chart – there's a golden cross forming. It's the kind of signal that catches traders' attention when looking for a trend reversal. SHIB is still oscillating within its usual consolidation zone, between $0.00000562 at the bottom and $0.00000625 at the top. Volume is down 16%, and open interest is also decreasing – the market seems to be waiting for something.

What interests me is that if the Shiba Inu price manages to break the resistance, we could target $0.00000644. But conversely, if the support doesn't hold, it could plummet to $0.00000523. Moving averages are key points to watch right now – that's probably where the decision will be made. The range since early March clearly shows that traders are unsure which direction to go.