{"id":600604,"date":"2024-03-31T17:30:30","date_gmt":"2024-03-31T17:30:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=600604"},"modified":"2024-06-11T07:45:08","modified_gmt":"2024-06-11T07:45:08","slug":"shiba-inu-dips-below-0-00003-again-can-bulls-reverse-the-bullish-momentum","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-dips-below-0-00003-again-can-bulls-reverse-the-bullish-momentum\/","title":{"rendered":"Shiba Inu Dips Below $0.00003 Again &#8211; Can Bulls Reverse The Bullish Momentum?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The $0.00003 price level has remained a critical point for Shiba Inu in the past few days. A recent market tug-of-war between bulls and bears has seen the meme coin particularly struggling to hold above $0.00003 in the past two days. This has led to uncertainty about the crypto&#8217;s direction as we break into a new month as a breakdown below the figure could lead to an extended price reversal.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/all\/from-90-to-400-litecoin-analysts-bullish-on-ltc-soaring-trajectory\/\" target=\"_blank\" rel=\"noopener \">From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory<\/a><\/div>\n<p><span style=\"font-weight: 400\">However, the majority of SHIB holders continue to <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-climbs-to-second-spot-in-crypto-searches-as-shib-rallies\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">hold onto bullish sentiment<\/span><\/a><span style=\"font-weight: 400\"> as the cryptocurrency is still doing well in a larger timeframe. This has led to <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-going-to-0-0001\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">bullish predictions<\/span><\/a><span style=\"font-weight: 400\"> from crypto analysts.\u00a0<\/span><\/p>\n<h2><b>Current State Of Shiba Inu<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Shiba Inu is currently trading at $0.0000305, up by 1.28% in the past 24 hours. Interestingly, the cryptocurrency&#8217;s price movement shows a lackluster action for the majority of the weekend. This saw it falling to as low as $0.00002958 yesterday. <\/span><\/p>\n<p><span style=\"font-weight: 400\">However, this wasn&#8217;t for long, as the cryptocurrency found its way back above $0.00003 in the hours after, signaling the ongoing fight between bulls and bears.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the action shows the bulls might be getting tired in the short term, a larger timeframe indicates they might still be having the upper hand. This is because SHIB is still up by 8.60% in the past seven days, reaching as high as $0.00003253 on March 28. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Similarly, the crypto is still up by 123% in the past 30 days, although it has reversed most of the gain it saw earlier in the month which saw the <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-price-skyrockets-heres-why\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">bulls pushing to<\/span><\/a><span style=\"font-weight: 400\"> $0.00004456 for the first time since December 2021.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/0TGsblAB\/\" width=\"1835\" height=\"883\"><\/p>\n<pre style=\"text-align: center\">Bitcoin is now trading at $70.564. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<h2><b>What\u2019s Next For Shiba Inu?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Shiba Inu&#8217;s bullish momentum might have waned from those witnessed earlier in the month, but some whales have <\/span><a href=\"https:\/\/bitcoinist.com\/shiba-inu-whales-make-big-moves-is-it-time-to-buy\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">continued accumulating<\/span><\/a><span style=\"font-weight: 400\"> in anticipation of an uptrend continuation. Crypto analysts have also predicted a bullish surge in the coming weeks. Crypto analyst Captain Faibik noted that SHIB is gearing up for another 2X rally. His prediction is based on a bullish price formation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The price chart shared by the analyst shows that SHIB is currently forming a bullish pennant flag pattern. According to Captain Faibik, a breakout of the flag pattern could see Shiba the cryptocurrency surging to $0.000058 in April.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Shiba?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Shiba<\/a> another 2x Bullish Rally incoming \u270d\ufe0f <a href=\"https:\/\/t.co\/srIRdxAfPm\" rel=\"nofollow\">pic.twitter.com\/srIRdxAfPm<\/a><\/p>\n<p>\u2014 Captain Faibik (@CryptoFaibik) <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/50279391?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 31, 2024<\/a><\/p><\/blockquote>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/buckle-up-xrp-hodlers-wild-ride-to-100-incoming-according-to-this-analyst\/\" target=\"_blank\" rel=\"noopener \">Buckle Up, XRP Hodlers: Wild Ride To $100 Incoming, According To This Analyst<\/a><\/div>\n<p><span style=\"font-weight: 400\">Another popular analyst known as Rekt Capital <\/span><a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-price-mirrors-2021\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">predicted a similar surge<\/span><\/a><span style=\"font-weight: 400\"> based on history repeating itself. According to him, the current SHIB action could mirror the one in 2021. All it needs to do is <\/span><a href=\"https:\/\/x.com\/rektcapital\/status\/71876010?s=20\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">just break above a major resistance<\/span><\/a><span style=\"font-weight: 400\"> at $0.0000332 before going on a strong uptrend.<\/span><\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The $0.00003 price level has remained a critical point for Shiba Inu in the past few days. A recent market tug-of-war between bulls and bears has seen the meme coin particularly struggling to hold above $0.00003 in the past two days. This has led to uncertainty about the crypto&#8217;s direction as we break into a new month as a breakdown below the figure could lead to an extended price reversal.\u00a0 Related Reading: From $90 To $400 Litecoin: Analysts Bullish On LTC Soaring Trajectory However, the majority of SHIB holders continue to hold onto bullish sentiment as the cryptocurrency is still doing well in a larger timeframe. This has led to bullish predictions from crypto analysts.\u00a0 Current State Of Shiba Inu Shiba Inu is currently trading at $0.0000305, up by 1.28% in the past 24 hours. Interestingly, the cryptocurrency&#8217;s price movement shows a lackluster action for the majority of the weekend. This saw it falling to as low as $0.00002958 yesterday. However, this wasn&#8217;t for long, as the cryptocurrency found its way back above $0.00003 in the hours after, signaling the ongoing fight between bulls and bears.\u00a0 While the action shows the bulls might be getting tired in the short term, a larger timeframe indicates they might still be having the upper hand. This is because SHIB is still up by 8.60% in the past seven days, reaching as high as $0.00003253 on March 28. Similarly, the crypto is still up by 123% in the past 30 days, although it has reversed most of the gain it saw earlier in the month which saw the bulls pushing to $0.00004456 for the first time since December 2021. Bitcoin is now trading at $70.564. Chart: TradingView What\u2019s Next For Shiba Inu? Shiba Inu&#8217;s bullish momentum might have waned from those witnessed earlier in the month, but some whales have continued accumulating in anticipation of an uptrend continuation. Crypto analysts have also predicted a bullish surge in the coming weeks. Crypto analyst Captain Faibik noted that SHIB is gearing up for another 2X rally. His prediction is based on a bullish price formation.\u00a0 The price chart shared by the analyst shows that SHIB is currently forming a bullish pennant flag pattern. According to Captain Faibik, a breakout of the flag pattern could see Shiba the cryptocurrency surging to $0.000058 in April. $SHIB #Shiba another 2x Bullish Rally incoming \u270d\ufe0f pic.twitter.com\/srIRdxAfPm \u2014 Captain Faibik (@CryptoFaibik) March 31, 2024 Related Reading: Buckle Up, XRP Hodlers: Wild Ride To $100 Incoming, According To This Analyst Another popular analyst known as Rekt Capital predicted a similar surge based on history repeating itself. According to him, the current SHIB action could mirror the one in 2021. All it needs to do is just break above a major resistance at $0.0000332 before going on a strong uptrend. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":600612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[134,4735,3505,83668,83667],"class_list":["post-600604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoin","tag-price-action","tag-price-analysis","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Dips Below $0.00003 Again<\/title>\n<meta name=\"description\" content=\"The $0.00003 price level has remained a critical point for Shiba Inu in the past few days. 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