news 
Can 3% Surge Pull Shiba Inu out of Death Cross Zone?
Despite the ongoing market volatility and a death cross zone looming over Shiba Inu (SHIB), analysts believe that a potential 3% surge could be enough to lift the token out of this bearish scenario. However, ecosystem support remains crucial for SHIB’s price to rally.
According to recent data, SHIB has registered an uptick amidst the turmoil, sparking hopes among market participants that it may be able to break free from the death cross zone. Nonetheless, experts caution that such a recovery would require increased trading volume and a higher burn rate to fuel sentiment and sustain price rallies.
Meanwhile, the Shiba Inu ecosystem has witnessed deflationary efforts, with data from Shibburn revealing the incineration of 20 million SHIB tokens in mere minutes as part of a deflationary move aimed at maintaining price stability. The mysterious “whale” that sent over 12 million SHIB to dead wallets is also noteworthy.
While this development may seem encouraging for SHIB’s prospects, experts have warned against complacency, emphasizing the need for consistent ecosystem support to propel prices higher. For now, stakeholders backing the token remain hopeful that a rally could still be forthcoming.
Will a mere 3% surge be enough to lift SHIB out of the death cross zone?
Source: https://u.today/can-3-surge-pull-shiba-inu-out-of-death-cross-zone
