$SHIB Golden Cross Emerges Amid Mixed Crypto Market

Shiba Inu's price chart has formed a golden cross in the short term, which could be a sign that investors should pay attention. The MA 50 crossed above the MA 200 on its 2-hour chart, following last week's rebound where $SHIB hit $0.00000458 on July 4.

The crypto market is experiencing mixed trading action as investors await further economic data. Investors are looking ahead to Wednesday's FOMC minutes, which will provide clues on monetary policy. Thursday will see the release of the weekly initial jobless claims for June.

Despite the golden cross, Shiba Inu has seen two days of decline since July 5. However, a key indicator for altcoins is positive. CoinMarketCap's Altcoin Season indicator rose to 47/100, suggesting optimism might be returning to the altcoin sector.