Shiba Inu Hits Hourly Golden Cross, But Derivatives Market Flashes Warning
Analysis
Price Impact
MedThe golden cross on the hourly chart is a bullish technical signal, but it is counteracted by concerns from the derivatives market and subdued trading volume, suggesting uncertainty and a potential for a short-term pullback despite the technical indicator.
Trustworthiness
MedPrice Direction
NeutralWhile the golden cross is bullish, the increased inflow to exchanges suggests profit-taking, and subdued volume indicates a lack of strong conviction. the derivatives market also shows caution. price could go either way, with resistance at $0.00000625 and support at $0.000005.
Time Effect
ShortThe hourly golden cross is a short-term indicator. the concerns raised by derivatives market sentiment and on-chain flows are also immediate factors that will likely influence price in the short term.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu 's hourly chart just flashed a golden cross. The moving average 50 has gone above the moving average 200. In the last 24 hours, Shiba Inu has recorded positive price action and shows a 1.43% daily move to $0.000006. Advertisement Shiba Inu spot flows stay positive on most time frames and show more supply to exchanges. Inflows have well surpassed outflows, with spot flow increases reaching 7,004% in the last eight hours, according to CoinGlass data . More coins being moved to exchanges might suggest holders seeking to take profits. You Might Also Like Sat, 03/28/2026 - 23:00 Shiba Inu: Shibarium Transactions Plunge 88%, What's Behind It? By Tomiwabold Olajide HOT Stories XRP Eyes $0.62 Bottom Support per Bollinger Bands, 300 Million Dogecoin 'Disappearance' Alarms Korean Traders, Historical Trends Suggest Q2 Bitcoin Rally: Morning Crypto Report 1 Billion XRP Unlocked From Ripple Escrow Accounts On the technical charts, momentum stays fragile, with lower highs forming and still defining the short-term structure. Spot markets are showing signs of a slowdown, with trading volume remaining subdued and overall activity quiet. Advertisement SHIB/USD Hourly Chart, Image By: TradingView CoinMarketCap's figures indicate that Shiba Inu's volume increased a mere 1.53% over the past day, reaching $109.72 million. This might signify traders less convinced about recent price. Derivatives market signals a bit of a red flag Traders are still not convinced, judging by trading positions. Despite this, SHIB 's open interest climbed almost 3% over the past day, reaching $53.11 million, even as funding rates held steady. This could mean the groundwork for a rebound is being laid, though more robust demand might be necessary to solidify a lasting price shift. Advertisement You Might Also Like Sat, 03/28/2026 - 16:37 Shiba Inu OI Turns Mute as Futures Traders Hold Back By Caroline Amosun Shiba Inu rose above the daily MA 50 near $0.000006 yet again in March. Previous attempts have seen SHIB unable to sustain a breakout above this level. If it happens, Shiba Inu might aim for $0.00000625, with the ultimate aim of reaching $0.000010. On the other hand, a drop might target support in the $0.000005 range. #Shiba Inu (SHIB) News #Shiba Inu