SHIB Explodes: Bullish Breakout, Golden Cross, and Market Momentum

On March 3, 2025, the cryptocurrency market witnessed a significant event with the explosive breakout and sudden spike in the price of SHIB. The SHIB technical analysis for this day revealed a bullish breakout, with key indicators such as RSI and MACD highlighting momentum shifts that correlated with price movements. At 06:54 UTC, the SHIB price was 0.00001408 USDT, reflecting a 0.91% decline from the recent high.

A vital support level at 0.00001400 USDT is currently being tested by market dynamics for possible accumulation from the buying sides. A crypto price breakout was initiated at 15:10 UTC on March 2, 2025, as the market value exceeded 0.00001390 USDT, creating a powerful upward momentum. At that moment, the market produced a “Golden Cross” pattern on the MACD while the price breakout took place.

A bullish Golden Cross reveals itself with a short-term moving average breaking above the long-term moving average, which indicates an upcoming uptrend. The price shortly advanced to 0.00001450 USDT after demonstrating a bullish breakout. SHIB entered a fresh trading zone spanning from 0.00001420 USDT (support level) to 0.00001520 USDT (resistance level) because of this fresh intensity in market momentum.

At UTC time 21:00, the SHIB pair reached its highest price, which was 0.00001520 USDT. A powerful barrier emerged at this level, which halted all price growth. The Relative Strength Index revealed overbought conditions since it exceeded 70 at this particular time.

The selling activity caused SHIB to break the 0.00001520 USDT mark followed by a continual price drop. An analysis of historical highs shows that the price movement remains downward. The short-term MACD enabled users to detect an important bearish “Death Cross” warning that emerged at 02:30 UTC on March 3, 2025.

SHIB’s price experienced a substantial decline after this period.