Shiba

Ethereum

Leonidas

Shiba Inu

Avalanche

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-loses-top-10-crypto-ranking-to-avalanche-avax/" data-wpel-link="internal">Shiba Inu Loses Top 10 Crypto Ranking to Avalanche (AVAX)</a> 
<a href="https://en.coin-turk.com/bitcoin-price-analysis-what-to-expect-after-the-fed-meeting/" data-wpel-link="internal">Cryptocurrency</a> markets have recently seen a cooling off from the meme coin frenzy. This downturn is evident in the charts. The sudden end of the meme coin season followed whales transferring large amounts of assets to exchanges. As a result, <a href="https://en.coin-turk.com/shiba-inu-cryptocurrency-expected-to-surge-over-50/" data-wpel-link="internal">Shiba</a> Inu no longer occupies a spot in the top 10 of the cryptocurrency market, having lost its position to AVAX. 
<h2 style="text-align: justify" id="shib-cedes-tenth-place-to-avax">SHIB Cedes Tenth Place to AVAX</h2> 
Following the cooldown among meme coins, Shiba Inu fell behind AVAX in terms of market value, thus losing its position in the top 10 of the cryptocurrency market. AVAX’s price increased by 15% recently, outperforming many <a href="https://coin-turk.com/ripple-yetkilisi-asyada-talep-artiyor" data-wpel-link="internal">altcoins</a> that have been pulling back. With a market value difference of approximately 2 billion dollars, AVAX has reclaimed the tenth spot. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-327157 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/avax-shiba-coin-turk-com-.png" alt="" width="1369" height="166"> 
Meanwhile, as meme coins attempt to recover, Shiba Inu has formed a triangular pattern in its price chart. This suggests that the next move is likely to be downward. However, it is important to note that this signal is awaiting confirmation. Key levels to watch are $0.00003695 on the upside and $0.00003000 on the downside. A daily candlestick close above or below these levels will confirm the meme coin’s next move. 
<h2 style="text-align: justify" id="conditions-triggering-a-sell-off">Conditions Triggering a Sell-Off</h2> 
A declining Relative Strength Index (RSI) indicates a loss of momentum, suggesting a downward trend. A clear transition below the 70 threshold will indicate that a sell-off in SHIB is maturing and likely to trigger a sell-off. 
The Awesome Oscillator (AO) indicator is emphasizing the downtrend by showing large red bars, indicating bear dominance in the SHIB market. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-327154 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/shiba-avax-coin-turk-com-.png" alt="" width="1569" height="671"> 
On the other hand, the Shiba Inu price around $0.00003000 could offer another buying opportunity. Investors taking advantage of this opportunity may see SHIB establish a pivot point here and witness the next upward movement. 
<h2 style="text-align: justify" id="crypto-exchange-support-for-shiba-inu">Crypto Exchange Support for Shiba Inu</h2> 
In a post, renowned SHIB enthusiast Leonidas highlighted a significant development, noting that the popular cryptocurrency exchange <a href="https://en.coin-turk.com/crypto-market-update-current-status-of-bitcoin-altcoins-and-top-performers/" data-wpel-link="internal">Crypto</a>.com is providing support to SHIB similar to <a href="https://coin-turk.com/bitcoinde-btc-yukselen-metrik-analist-duyurdu-bogayi-getirebilir" data-wpel-link="internal">Bitcoin</a> (BTC) and Ethereum (ETH). 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-327159 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/shiba-coin-turk-com-1-2.png" alt="" width="446" height="728"> 
Specifically, the trading platform has changed the title of its mobile app, now featuring meme coins in the world’s largest app stores such as Google Play Store and Apple’s App Store. The Crypto.com mobile app has transitioned from the title “Crypto.com – Buy BTC, ETH” to “Crypto.com – Buy BTC, SHIB.” 
Leonidas expressed the significance to the community by stating, “Real power and unseen dominance seem to be coming in a way never seen before.” 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-loses-top-10-crypto-ranking-to-avalanche-avax/" data-wpel-link="internal">Shiba Inu Loses Top 10 Crypto Ranking to Avalanche (AVAX)</a></h5>

Shiba Inu Loses Top 10 Crypto Ranking to Avalanche (AVAX)

目錄

COINTURK NEWS

在 2024年3月13日發表的其他文章

BlockChain Platform Mojaik Lists It’s Token FEE on ProBit Global Exchange

AMP Prediction: Is This the Next Big Investment Opportunity

AI Study Reveals Persistent Racial Bias in Language Models

HEX Crypto Crashes 29% Intraday: Is The Downfall Over Yet?

Grayscale’s Bitcoin ETF market share falls below 50% amid growing competition

Nigeria’s Cryptocurrency Landscape Faces Shifts Amid Binance Exit: Opportunities and Concerns Emerge

訂閱免費電子報，每天收取加密貨幣最新動態！