Shiba Inu cryptocurrency is approaching a golden cross formation, a technical indicator that suggests a potential for a strong bullish trend in the near future. This development has caught the attention of investors and traders, sparking discussions on whether it is a good time to buy SHIB.
Despite the bullish indicators concerning price action and momentum, there is a noticeable lack of robust buying volume. This is reflected in the mean coin age, which suggests that investors are maintaining cautious positions while observing the situation closely, waiting for stronger market confirmations before heavily investing.