SHIB Hourly Golden Cross Appears Amid 2025 End, Traders Watch for Price Rebound

As per Bijié Wǎng, SHIB has formed a rare golden cross on the hourly chart, signaling potential short-term momentum improvement. Despite this, the higher time frame remains bearish, with price trapped in a long-term descending channel. A breakout above $0.00000826 would be needed to shift market sentiment into 2026. SHIB recently formed a golden cross on the hourly chart as it began to rebound from recent lows. The token rose from around $0.000007 to $0.00000739 between December 26 and 29, and currently trades near $0.00000738 with a 2.8% 24-hour gain. However, SHIB remains in a downtrend, with a more than 66% annual decline as of December. The golden cross appears as part of a year-end rebound attempt, but no major trend reversal has been confirmed on higher time frames. Price remains within a descending channel intact since October, with multiple failed attempts to break above the $0.00000825 resistance level. The recent rebound is weak, with low volume and a lack of strong buying pressure. SHIB has been trading in a narrow range between $0.00000698 and $0.00000729, with low volume indicating market hesitation. Traders remain cautious ahead of 2026, with key resistance at $0.00000826 and support near $0.000007.