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Shiba Inu

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<p dir="ltr">Dog-themed <a href="https://u.today/shiba-inu-shib-profitability-bounces-back-to-40-whats-next">Shiba Inu</a> (SHIB) has registered a significant 3% increase in price within the last 24 hours. This has seen the meme coin trade at $0.00001339 at the time of this writing, according to <a href="https://coinmarketcap.com/currencies/shiba-inu/">data</a> from CoinMarketCap.</p>
<h2 id="death-cross-s-bearish-impact-on-shib">Death cross's bearish impact on SHIB</h2>
<p dir="ltr">Despite this uptick, SHIB investors remain concerned about the token's future trajectory. SHIB has been in a<a href="https://u.today/shiba-inu-bounces-back-after-death-cross-will-it-rally-next">death cross</a> since last month, and market participants have expressed concern over its performance in the broader cryptocurrency market.</p>
<p dir="ltr">For context, a death cross occurs when the 50-day Moving Average falls below the 200-day Moving Average. This metric indicates a fall in the price of an asset. SHIB has suffered this decline, and the current 3% surge has not done much to clear it off this bearish zone.</p>
<img src="https://u.today/sites/default/files/inline-images/SHIBUSDT_2025-03-06_14-19-02.png" data-entity-uuid="fea117d6-2a19-4623-9358-c653dc2b64cf" data-entity-type="file" data-caption="<a href=&quot;https://coinmarketcap.com/currencies/shiba-inu/&quot;>SHIB Price Chart. Source TradingView Via CoinMarketCap</a>">
<p dir="ltr">Generally, a death cross signals bearish pressure. However, SHIB’s ability to register an uptick amid wild volatility raises market participants' anticipation of a possible rally out of the death cross zone.</p>
<p dir="ltr">Analysts say ecosystem support remains crucial for this to happen. For instance, trading volume has dropped by 26.07% to $206.24 million within the last 24 hours, signaling investors' reduced market activity.</p>
<p dir="ltr">Market experts say that for SHIB to witness a rally that could clear it off the zone, the trading volume must increase while maintaining a higher burn rate to trigger sentiment and sustain price rallies.</p>
<h2 id="ecosystem-trend-to-watch">Ecosystem trend to watch</h2>
<p dir="ltr">Meanwhile, according to data from Shibburn, the Shiba Inu ecosystem recently saw the <a href="https://u.today/20000000-shib-burned-in-minutes-whats-happening">incineration</a> of 20 million SHIB tokens within minutes as part of a deflationary move to keep prices stable. An anonymous whale single-handedly sent over 12 million SHIB to dead wallets.</p>
<p dir="ltr">While the move is commendable, analysts have called for consistency to support SHIB’s quest for higher price levels. Stakeholders backing the token remain optimistic thqt it might chart a rally drawing on the current outlook.</p> <a href="https://u.today/can-3-surge-pull-shiba-inu-out-of-death-cross-zone">Read original article on U.Today</a>

Can 3% Surge Pull Shiba Inu out of Death Cross Zone?

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