Shiba Inu Eyes Rare Weekly MA Setup as 50- and 200-Week MAs Converge
Shiba Inu (SHIB) is drawing heightened market attention as its weekly moving averages — the 50-week and 200-week MAs — move closer together, setting up what could be a never-before-seen weekly signal for the token. If the 50-week MA crosses above the 200-week MA on a weekly close, SHIB would register a rare weekly 'golden cross', an event that tends to attract momentum flows and renewed investor focus, particularly for assets that don't often see long-term technical breaks.
The development matters because a confirmed weekly golden cross can lure longer-term buyers and algorithmic strategies, potentially increasing price momentum and on-chain activity. Traders and analysts caution that moving averages are lagging indicators, so confirmation via a decisive weekly close and accompanying volume spike — plus broader market conditions — will be key to validating the bullish case.