Stop what you're doing—Shiba Inu just sent a pulse through the alt-street
It’s barely noon in New York and SHIB just did something it hasn’t managed in 16 long months: the token’s 12-hour MACD line nudged above the signal line, flashing the first clean bullish crossover since February 2022. The move comes after last week’s stomach-churning slide to $0.0000060, a level that felt like crypto’s equivalent of the Mariana Trench. Suddenly, the meme coin that everyone loved to hate looks… well, sprightly.
Here’s what actually happened on the chart
The 14-period RSI bounced from an oversold 29 to 41 in less than 36 hours. Think of it like an NBA player going from ice-cold to dropping back-to-back threes. At the same time, the 50-day exponential moving average—camped at $0.0000071—is closing the gap on the 100-day EMA. Traders who live and die by the golden cross are whispering it could print before U.S. Independence Day. No wonder the order books on Binance and Bybit started thinning out above $0.0000075.
Why this matters for your portfolio
According to Coinalyze’s aggregated funding data, perpetual futures funding flipped positive (+0.006%) for the first time since May 8. Translation? The ‘morning after’ bears are finally paying a tiny premium to short SHIB. Historically, when that happens after a monster drawdown, cash-settled shorts get squeezed like a tube of travel toothpaste. If the squeeze comes, chartists are eyeing a measured move toward $0.0000084—roughly a 17% jump from Tuesday’s spot.
But wait, isn’t Shibarium still in testnet?
Yep, and that’s part of the intrigue. Lead dev Shytoshi Kusama teased on Discord that the mainnet launch window is now “weeks, not months.” Remember, the last time he dropped that kind of phrase, SHIB ripped 30% in four days. Could he be over-promising? Sure. The layer-2’s Puppynet testnet is barely past 15 million transactions. Still, the mere anticipation is adding rocket fuel to the social buzz. LunarCrush’s social dominance score for SHIB doubled overnight to 1.5%—its highest since the Super Bowl meme-coin frenzy.
“We’re not just a dog token anymore,” Kusama wrote. “Shibarium changes the economics for everyone holding SHIB, BONE, and LEASH.”
One nagging caveat nobody’s talking about
While the burn rate spiked 280% over the weekend—courtesy of community-run burner @ShibSuperStore—daily active addresses are down 12% week-over-week. It’s that weird paradox: price action looks hot, but on-chain activity is still in a mini-winter. If you’re the cautious type, watch the next 48 hours of DEX volume on ShibaSwap. No pickup there? This crossover could fade faster than a pump-and-dump Telegram room.
How pro traders are positioning right now
• Market makers on OKX have widened spreads to 0.9%—they’re bracing for whipsaws.
• Whale wallets (100B SHIB or more) added 4.2 trillion tokens since Friday, per Santiment.
• Retail on Robinhood? Still net sellers. That actually sets up the classic contrarian long.
Even the notorious ‘Smart Contracter’ on Crypto-Twitter chimed in, calling today’s crossover “the first tradable long in dog tokens since January.” The man nailed Solana’s bottom in December, so yeah, people listen.
So, what’s next?
Charts alone say a push to $0.0000084 is in play. A confirmed daily close above the 50-day EMA would validate it. Fail that and we’re probably shopping for support back at $0.0000063. One thing’s certain: with BTC stuck in a soul-sucking $26k–$27k range, traders are itching for volatility, and SHIB just volunteered as tribute.
Keep an eye on Fed Chair Powell’s testimony tomorrow—it’s a wildcard. A surprise hawkish tilt could smack risk assets across the board, meme coins first. But if macro winds stay calm, this little dog might finally fetch its stick.
Bottom line? The crossover is real, the community is buzzing, and shorts are on the back foot. If you’ve been waiting for a sign to re-enter, well, the chart just flashed one the size of Times Square.
Stay nimble, set alerts, and—if you’re brave—maybe toss SHIB back into your watchlist right now.
