SHIB to $0.000006? Shiba Inu Golden Cross Completes With One Hurdle Left
Shiba Inu (SHIB) rose 17% this week to $0.00000551, completing a golden cross on its hourly chart. The crypto market rebounded despite Fed rate hikes and regulatory developments. SHIB faces resistance at $0.00000575, with a potential target of $0.000006.
How this was made

The 30-second read
Why it matters
Macro rate hike and regulatory news buoy overall crypto sentiment, aiding SHIB's technical rally.
Market read
SHIB's price action reflects broader crypto optimism after macro and regulatory developments.
What to watch
Potential regulatory headwinds if SEC actions intensify.
Background
Fed raised rates to 3.75‑4%; SEC announced tokenized stock venue pathway.
Ticker impact
SHIB completed a golden cross on the hourly chart and rose 17% to $0.00000551, targeting $0.000006.
Potential rise toward $0.0000065 if buying pressure holds.
Golden cross and recent price surge indicate momentum, but broader market volatility remains.
Market effects
Crypto sector gains from Fed tightening and positive regulatory news.
Global crypto markets show modest upside.
Limited to crypto traders; broader equity markets unaffected.
Counterpoint
Technical patterns can fail; a pullback could test support at $0.0000052.
Key entities
- RegulatorFederal Reserve
Raised benchmark interest rate by 0.25%.
- RegulatorSecurities and Exchange Commission
Created pathway for tokenized stock trading.




