Shiba Inu (SHIB) rebounded this week, rising 17% from $0.00000474 to $0.00000551, fueled by renewed buying interest in the crypto market. The U.S. Federal Reserve raised its benchmark rate by 0.25 percentage points, while the SEC established a regulatory pathway for tokenized representations of U.S. stocks. A golden cross pattern completed on SHIB’s hourly chart, with the 50-hour moving average crossing above the 200-hour moving average. The next bullish target sits around $0.000006, with a major hurdle at $0.00000575 that must first be overcome. According to Glassnode, altcoin leverage remains below the risk threshold, suggesting potential for further upside.
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