Shiba Inu's Deceitful Death Cross Emerges: Exploring Potential Outcomes

Shiba Inu, the popular meme cryptocurrency, is poised for a major moving average crossover on its daily chart, following a significant event on its hourly chart.

On its hourly chart, Shiba Inu recently experienced a death cross, a generally bearish indication that occurs when the short-term moving average crosses below the long-term moving average. However, surprisingly, Shiba Inu price sharply rose after the death cross signal, invalidating the bearish indication. This rise may have been due to short-term selling pressure ahead of the jobs data release, as reported by various sources.

Just a day earlier, Shiba Inu had formed a golden cross on its hourly chart, as reported by U.Today. This event, which occurs when the short-term moving average crosses above the long-term moving average, is typically considered a bullish signal. The emergence of the death cross on Shiba Inu's hourly chart followed a price reversal, adding to the intrigue in the cryptocurrency market.

On its daily chart, Shiba Inu formed a golden cross in August, marking the first such event this year. This bullish signal is expected to culminate in the anticipated 'Golden Cross' on Shiba Inu's daily chart, as it recently broke out from a triangle pattern, preparing for an upward trend. However, specific timing is not explicitly mentioned but is linked to a bullish outlook supported by increased trader interest around mid-September 2025 due to the anticipated US Federal Reserve rate cut on September 17, 2025.

Meanwhile, the broader crypto market has also seen a rise, which could be contributing to Shiba Inu's price increase. This rise followed a weak jobs data report, as indicated by a Bureau of Labor Statistics report released on Friday showing a slowdown in jobs creation in August. The slowdown in jobs creation may keep the Federal Reserve on track for a widely anticipated interest rate cut later this month.

Shiba Inu reached a high of $0.00001246 in the early Friday session, and is currently trading up 2.28% in the last 24 hours, with its price at $0.0000124. After a sharp drop to a low of $0.000012 on Thursday, Shiba Inu rebounded, posting a green candlestick in the early Friday session.

As the crypto market continues to evolve, Shiba Inu's price movements will undoubtedly remain a topic of interest for traders and investors alike. The upcoming 'Golden Cross' on Shiba Inu's daily chart, expected due to the bullish outlook supported by increased trader interest around mid-September 2025, is a significant event to watch for in the coming months.