Shiba Inu Prepares for Potential Breakout with MACD Crossover and AI Teaser
Shiba Inu (SHIB) is experiencing potential bullish momentum after a period of decline since December 2024. Key points include:
- SHIB reached a local high of $0.000033 post the U.S. presidential elections in November, with a market cap exceeding $19 billion.
- A golden cross formation on June 24 may signal an upcoming rally, coinciding with geopolitical developments.
- Lead developer Shytoshi Kusama hinted at new AI-related announcements in July, generating investor interest.
- The MACD indicator demonstrates strong bullish momentum, suggesting favorable buying conditions.
- SHIB has gained 6% in 24 hours, trading at $0.000012 as the global crypto market cap rose by 2.8% to $3.39 trillion.
- The target price is set around $0.000020, with potential to surpass the previous high of $0.000033.
