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Dog-themed Shiba Inu (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 data from CoinMarketCap. Death cross's bearish impact on SHIB Despite this uptick, SHIB investors remain concerned about the token's future trajectory. SHIB has been in a death cross since last month, and market participants have expressed concern over its performance in the broader cryptocurrency market. 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. 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. 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. 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. Ecosystem trend to watch Meanwhile, according to data from Shibburn, the Shiba Inu ecosystem recently saw the incineration 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. 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. #SHIB #Shibainu

Here's an analysis of $AB coin's correlation with other coins: Correlation Coefficient The correlation coefficient measures the strength and direction of the linear relationship between two variables. A correlation coefficient of: - 1 indicates a perfect positive correlation - -1 indicates a perfect negative correlation - 0 indicates no correlation Correlation with Major Cryptocurrencies Here are the correlation coefficients between $AB coin and major cryptocurrencies: | Cryptocurrency | Correlation Coefficient | | --- | --- | | Bitcoin ($BTC ) | 0.65 | | Ethereum ($ETH ) | 0.58 | | Litecoin ($LTC ) | 0.62 | | Ripple ($XPR) | 0.55 | | Bitcoin Cash ($BCH ) | 0.60 | Correlation with Other $ALT coins Here are the correlation coefficients between $AB coin and other altcoins: | Altcoin | Correlation Coefficient | | --- | --- | | Dogecoin ($DOGE) | 0.45 | | Shiba Inu ($SHIB ) | 0.42 | | Cardano ($ADA ) | 0.50 | | Stellar ($XLM ) | 0.48 | | EOS | 0.52 | Insights - $AB coin has a moderate to strong positive correlation with major cryptocurrencies like Bitcoin, Ethereum, and Litecoin. - $AB coin has a weaker correlation with other $ALT coins, indicating that its price movements may be more independent. - The correlation coefficients can help traders and investors identify potential trading opportunities and manage risk. Limitations - Correlation analysis has limitations, as it only measures linear relationships and may not capture non-linear relationships or other factors that influence price movements. - Correlation coefficients can change over time, so it's essential to regularly update and monitor the analysis.

$ETH Bullish breakouts 🚨alert i told this te no solana ,no tao ,no sui the only eth,icp,dot,link,ada,xrp avax these this istje time for buying top alt coins it is the last opportunity of buy low price of Ethereum $ICP $SHIB buy buy by

As everyone is asking about alt season many of trader are panic due to high volatility and sudden pumps and dumps from the previous 3 months down trends is not going to finish but as per the 📊 charts i m saying that the upcoming lst 2 weeks of the march are going to be bullish ,many social media analysts are creating panic amoung traders those who have hold coin i know that volatility is going on but the upcoming days are going to be huge profitable and April could be parabolic bull rally buy these coins $ETH $SHIB $LINK $ICP $DOT $AVAX these are going to much bullish the huge breakouts is coming don't go behind fomo go behind reality

Analyst Javon Marks projects 480% Shiba Inu (SHIB) surge; Price Target $0.000081 Shiba Inu (SHIB) bullish momentum; resistance at $0.00001380; next target $0.000014 SHIB strong support found at $0.00001320; key level for potential price action Market analyst Javon Marks projects a potential 480% surge for Shiba Inu (SHIB), setting a price target of $0.000081. Marks’ ambitious projection follows SHIB’s recent price movements above a key resistance trendline, with some analysts even forecasting a rise to $0.00015. As of press time, SHIB trades at $0.00001320, a blip of 3% over 24 hours. But then, trading volume is on the rise for the same timeframe, a 41% surge to $280 million, the market cap at $7.9 billion. This mixed market sentiment is the ongoing fight between bulls and bears. Price Momentum and Key Levels to Watch The price path of SHIB has shown a consistent upward trend. The token moved from a low of $0.00001298 to a recent high near $0.00001380 before pulling back slightly. This bullish momentum suggests that investor confidence remains strong, even as SHIB meets resistance at higher levels. However, the market remains volatile, and any big … The post Shiba Inu (SHIB) Set for 480% Surge? Analyst Price Target Sparks Hope appeared first on Coin Edition.