Shiba Inu's price is about to break through $0.00002, due to the appearance of a golden cross. The price of Shiba Inu has invalidated the death cross formed earlier this month, gradually rebounding and driving SHIB's recovery. A golden cross has formed on the 4-hour chart, which may lead to a significant breakout. The fundamentals of Shibarium provide a foundation for driving the ecosystem and potential price growth. The SHIB price has rebounded from $0.00001205 to $0.00001265, increasing by 2.14% in 24 hours. The SHIB/USDT 4-hour chart confirms the golden cross pattern, with the short-term moving average above the long-term moving average. Although it has not yet formed on the daily chart, the current momentum may lead to a breakout. Shibarium's Layer-2 scaling solution and the 200 million address milestone may push long-term price increases. Shibarium has surpassed the 1 billion total transaction milestone, and if growth continues, it may surpass Dogecoin. SHIB could retest its all-time high of $0.00008844, requiring a 710% increase from current levels.

DOGE

HIGHLIGHTS Shiba Inu in the spotlight as altcoins recovery now taking the center-stage SHIB golden cross now formed on the 4 hour chart, teases possible major breakout  Shibarium fundamentals has teased a basis to drive organic ecosystem and potential price growth The memecoin ecosystem has joined the latest revival in the broader market, with the Shiba Inu price now in the spotlight. The memecoin has reset its bearish outlook and will break crucial price milestones in the coming days.

For Shiba Inu, the death cross formation was confirmed on April 6 when the price dropped from $0.00001232 to a low of $0.00001030.
Shiba Inu Price Golden Cross Confirmed
Market data shows that the SHIB price is gradually disappearing from its earlier consolidation trend. At the time of writing, the coin's price was changing hands for $0.00001249, up by 2.14% in 24 hours.&nbsp;

SHIB recovered after trading at a low price of $0.00001205 to a daily high of $0.00001265 before settling at the current level. This price boost comes as the SHIB burn rate jumped 1000% in early trading, setting the memecoin on a possible revival path.



The SHIB\/USDT 4h chart confirms a golden cross pattern for the memecoin. This pattern is formed when the short-term Moving Average switches above the longer-term moving average.

Although this pattern is fully formed on the 4-hour chart, it is yet to form on the daily chart. However, with the current momentum, a confirmed breakout is possible. Already, the token has displaced Hedera and now ranks as the 17th largest cryptocurrency.
Shibarium Catalyst for Price Rebound
Different ecosystem factors can boost the price of Shiba Inu in the long term. One of these factors is closely tied to the outlook of Shibarium and its associated Layer-2 scaling solution.

As reported earlier by CoinGape, the Shibarium 200 million addresses milestone is near. If the network attains this landmark, it will show a clear sign of growing adoption, a move that might boost its token valuation.

Already, Shibarium has broken the 1 billion total transaction milestone. Should the Shiba Inu network continue to record organic growth, its chances of outranking Dogecoin is higher.

Amid the ongoing boost, the question remains how high the memecoin could soar. Drawing on this, a potential SHIB retest of its ATH of $0.00008844 is possible moving forward. While it will require as much as a 710% growth from current levels, SHIB can print this uptick, drawing on its historical trend.

The price of Shiba Inu is about to break through, with the golden cross formation driving the rebound.