SHIB Holds Above Key Demand Zones, Golden Cross Potential Emerges
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Price Structure Analysis: SHIB currently trades above $0.00000715, demonstrating absorption between $0.0000070 and $0.0000075, indicating strong market demand that may lay the groundwork for future upward momentum.
- Golden Cross Potential: The convergence of the 50-EMA and 200-EMA may occur if the price breaks out of the descending wedge, and a successful move beyond $0.0000082 could enhance bullish prospects and narrow the gap between the averages.
- Market Signals: Despite a slight daily price drop, open interest has risen by approximately 6%, pushing total open interest toward $81 million, indicating that traders are consolidating rather than offloading, which validates the demand zone as a solid foundation.
- Technical Indicator Observation: With the RSI near 38 signaling mild bearish pressure, the MACD line has crossed above the signal line, and the histogram bars have turned positive, suggesting early momentum signals of base formation that may indicate a future upward trend.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
