Shiba Inu golden cross formed on the hourly chart signals potential bullish momentum; the golden cross occurs when a short-term moving average crosses above a long-term moving average, historically preceding stronger October moves for SHIB in several years.
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Hourly golden cross detected for Shiba Inu
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September historically weak, but October often posts higher gains (“Uptober”)
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2021–2024 Sept/Oct comparative data shows varied precedents for SHIB performance
Shiba Inu golden cross forms on hourly chart, signaling bullish momentum; read historical Sept–Oct trends and next steps for traders.
What is the Shiba Inu golden cross?
Shiba Inu golden cross is a technical signal where a short-term moving average crosses above a longer-term moving average on a chart, here appearing on SHIB’s hourly timeframe. Traders view this as a sign of shifting momentum toward the upside, though confirmation from volume and broader market context is essential.
How does the hourly golden cross affect SHIB price action?
The hourly golden cross suggests near-term bullish momentum for SHIB but does not guarantee sustained gains. Short-term crossovers often prompt increased trading activity and can precede larger moves if supported by rising volume and positive market catalysts.
At the time of writing SHIB was down 3.1% in the last 24 hours to $0.00001213, reversing a two-day rise from a low of $0.00001181 on Sept. 1. September is currently down 0.41% so far.
Why does September performance matter for Shiba Inu?
September often sets the tone for October, a month dubbed “Uptober” in crypto circles. Historical patterns show that when SHIB posts muted or negative returns in September, October has frequently delivered stronger gains, though outcomes vary by year.
| Year | September | October | Notes |
|---|---|---|---|
| 2021 | +4.96% | +830% (preceded ATH $0.000088) | Major breakout in October |
| 2022 | -6.53% | +10% | Modest recovery |
| 2023 | -8.14% | +6.13% | Muted move |
| 2024 | +26.94% | +1.33% (then +50% in Nov) | Shift: stronger September than October |
How should traders interpret the signal?
Interpretation requires confirming indicators: volume, order-book depth, and macro market direction. A golden cross on its own is an initial confirmation of bullish momentum; traders commonly wait for follow-through in price and volume.
- Check volume for confirmation of buying pressure.
- Confirm trend across multiple timeframes (hourly, 4H, daily).
- Monitor market-wide indicators (BTC/ETH direction) and news.
Frequently Asked Questions
Is the Shiba Inu golden cross a reliable buy signal?
The golden cross is a bullish indicator but not infallible. It becomes more reliable when confirmed by rising volume and alignment across multiple timeframes. Risk management remains essential.
How often do Septembers lead to big October gains for SHIB?
Outcomes vary: 2021 saw a major October rally after a modest September, while other years posted minimal or negative September returns followed by smaller October gains. Historical context matters but does not guarantee future results.
Key Takeaways
- Hourly golden cross: Signals short-term bullish momentum for SHIB but requires confirmation.
- Historical pattern: Several years show stronger Octobers after muted Septembers, but results are inconsistent.
- Action items: Verify volume, check higher timeframes, and apply disciplined risk management.
Conclusion
Shiba Inu’s hourly golden cross gives traders an early bullish signal amid a historically mixed September. Shiba Inu golden cross should be weighed alongside volume, higher-timeframe trend, and market context. Watch key confirmations before positioning, and consider risk controls if momentum continues into October.
Even as the broader markets await direction following a dull September start, Shiba Inu has formed a golden cross on its hourly chart.
A golden cross, regarded as a bullish signal, occurs when a short-term moving average crosses above a long-term MA and marks the first of such for Shiba Inu in September.
This is significant as September is historically believed to be the weakest month for cryptocurrencies and markets.
September remains a mixed month for Shiba Inu, marking two out of four Septembers in the green taken from 2021.
In 2021, Shiba Inu ended September up 4.96%, which preceded an explosive 830% rally in October of the same year, with Shiba Inu reaching an all-time high of $0.000088 consequently. In September 2022, this wasn’t the story as Shiba Inu closed the month down 6.53%, but somewhat rising just 10% in the October that followed.
Shiba Inu’s price action was muted in September and October 2023; SHIB closed September down 8.14% and rose 6.13% in October.
Why it matters
A historical trend was observed: September often set the pace for Shiba Inu’s price action in October, referred to as “Uptober” in crypto circles. While Shiba Inu saw losses or minor gains in September, it always saw higher gains in October, often closing the month in the green.
An interesting shift was only seen in September 2024, when Shiba Inu saw higher gains in September than in the October that followed. In September 2024, Shiba Inu rose 26.94%, while in the following October, it only saw 1.33% gains before exploding 50% in November of the same year.
Shiba Inu is currently down 0.41% so far this September, with market enthusiasts eager to see if history repeats or Shiba Inu charts a fresh course.
At the time of writing, SHIB was down 3.1% in the last 24 hours to $0.00001213, reversing a two-day rise from a low of $0.00001181 on Sept. 1.
