First, the golden cross, now the MACD crossover, combined with an AI teaser, suggests that Shiba Inu is in a good position for a price hike.
By Wahid Pessarlay
Editor Julia Sakovich
Updated
2 mins read
Shiba Inu SHIB $0.000012 24h volatility: 4.5% Market cap: $6.82 B Vol. 24h: $151.63 M , the second-largest meme coin, could finally see some notable gains after its constant declines since December 2024.
SHIB recorded a strong bull run after the presidential elections in the United States in November last year. The meme coin reached a local high of $0.000033 as its market cap broke the $19 billion mark.
With the latest developments, SHIB is well-positioned to repeat the election-triggered rally, but this time, with multiple bullish catalysts.
On June 24, Shiba Inu formed a golden cross after the Iran–Israel war came to a stop with US President Donald Trump’s call for a ceasefire.
Moreover, the pseudonymous lead developer of Shiba Inu, Shytoshi Kusama, hinted at artificial intelligence on July 1 on X.
JULY is… JUL-AI. Prepare for many announcements, releases, and discussions around everything we've built thus far and where we see the future going. Talk soon: pic.twitter.com/mG3Rq55buR
— Shytoshi Kusama™ (@ShytoshiKusama) July 1, 2025
He shared an AI-generated video with a futuristic theme, saying, “Prepare for many announcements, releases, and discussions.”
While it’s not clear what the AI teaser from the top SHIB developer is, it has already triggered FOMO (fear of missing out) among investors, also called the SHIB Army.
In addition to the FOMO around the meme coin, Shiba Inu’s MACD indicator suggests an incoming uptrend.
The MACD line shows the difference between two moving averages, usually 12-day and 26-day. And its signal line points at the nine-day moving average of the MACD line.
When the MACD line crosses above the signal line, it often means it’s a good time to buy. When it crosses below, it can hint at an incoming selling pressure.
In this case, the MACD crossover shows strong bullish momentum for the second-largest meme coin.
SHIB 4H Chart on July 3 | Source: TradingView
SHIB has already gained 6% in 24 hours and is trading at $0.000012 at the time of writing. The rise comes as the global crypto market cap surged 2.8% to $3.39 trillion.
At this point, the primary price target for Shiba Inu would be the psychological $0.000020 zone. If the uptrend continues, the dog-themed meme coin could potentially break its local high of $0.000033.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.
