$23B 'Memecoin Bull Quake' Looks to Storm Shiba Inu, PEPE, Dogecoin, and Dogwifhat Markets ⋆ ZyCrypto

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In the world of cryptocurrencies, visualizing price movements often feels like navigating uncharted waters. However, careful observers of market indicators and historical patterns can sometimes reveal clues to potential future trends.

One area of ​​cryptocurrency that has attracted the attention of investors is meme currencies. After seeing notable price pumps in the past, Shiba Inu, PEPE, Dogecoin, and the new meme Bull, appear to be gaining steam and preparing for a huge explosion.

Shiba Inu, Baby, Dogecoin Supply Dynamics

One of the main indicators that point to a massive rise in PEPE prices is the recent decline in supply on exchanges. In one day, from March 25 to 26, the PEPE token supply on exchanges decreased from 180.7T to 178.7T.

When token supplies drop significantly, it creates buying pressure, and prices rise if demand remains at the same level. Dogecoin and the Shiba Inu followed a similar path when their supplies ran low. This means that this recent drop in PEPE tokens could lead to another pump.

Average coin age index

Another compelling factor pointing to the $23 billion meme market rising is the coin's steadily increasing average lifespan since the beginning of March. Average coin age is an indicator that tracks the average age of all coins in the network since their last movement and indicates investor behavior.

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A higher average coin life means that investors prefer to hold their coins rather than sell them, indicating a period of accumulation. This is usually a very bullish signal for the token, as it shows conviction among holders and reduces selling pressure, which could cause prices to rise further.

While the Exponential Moving Average (EMA) lines may not be strong at the moment, their alignment with the current price trend indicates potential stability for Shiba Inu, PEPE, Dogecoin, and Dogwifhat prices. The short-term convergence of the EMA lines above the long-term lines is usually a bullish signal and entry into a consolidation period.

Price forecasts

Given these indicators and factors, many pundits and investors are now considering the potential price trajectory of these iconic coins, with most analysts in particular envisioning a new all-time high for the Shiba Inu.

Predicting cryptocurrency prices with certainty can be quite a challenge. However, analyzing key indicators and historical patterns can provide valuable insights into future trends. With PEPE showing promising signs such as decreased supply on exchanges, increasing average lifespan of the coin, and EMA lines indicating consolidation, many are optimistic about the future of the memecoin.

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