Shiba

Dogecoin

Shiba Inu

Shib Army

Zero

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<p dir="ltr">Shiba Inu (SHIB) is currently buckling under its own weight with bears springing into action to force a negative close on March 11. At the time of writing, Shiba Inu is changing hands for $0.00003216,&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/">down by 7.16%</a> in the past 24 hours. The sell-off is further extended on the monthly time frame as the token has given up over 19% of its valuation over the past week.</p>
<img data-entity-type="file" data-entity-uuid="e85965c4-b31c-447a-b16e-70276207687d" src="https://u.today/sites/default/files/inline-images/SHIB_1D_graph_coinmarketcap%20%2819%29.jpeg"><a href="https://coinmarketcap.com/currencies/shiba-inu/">SHIB 1D Price Chart. Source: CoinMarketCap</a>
<h2 id="healthy-correction-or-doomsday-signal">Healthy correction or doomsday signal?</h2>
<p dir="ltr">Shiba Inu has remained resilient over the past month, where it has managed to keep 245% of its growth surge. The meme coin has printed multiple records in the past month, including clearing a zero and turning the $0.00001 level to long-term support.</p>
<p dir="ltr">Shiba Inu has now also turned the $0.00002 and $0.00003 price levels into support zones that even the current slip in price has not been able to impact. Overall, Shiba Inu seeks to capitalize on its 238% growth over the past month to&nbsp;<a href="https://u.today/shiba-inu-to-000005-shib-price-pattern-signals-bullish-momentum">build new momentum</a> on the current price level.</p>
<p dir="ltr">The Shiba Inu rally is a delicate one because it is merely riding on the wings of Bitcoin (ATH), the cryptocurrency that&nbsp;<a href="https://u.today/bitcoin-btc-hits-ath-on-coinbase-its-more-important-than-price">printed multiple all-time highs</a> (ATHs) over the past week. With the impact of a deeper correlation with Bitcoin compared to its internal fundamentals, SHIB might only see as much growth as the broader market will permit.</p>
<h2 id="key-targets-in-focus">Key targets in focus</h2>
<p dir="ltr">As far as Shiba Inu is concerned, the primary target remains to retest its ATH above the $0.00008 mark in the short term. While this still remains a daunting task for the digital currency, members of the Shib army are more optimistic overall, with a longer-term target to erase another zero from its current market valuation.</p>
<p><a href="https://u.today/shiba-inu-erases-zero-as-shib-price-jumps-7">Clearing a zero</a> will ultimately take it closer to achieving its dream of flipping Dogecoin (DOGE) and soaring to the $0.01 price mark in the long term.</p>

Shiba Inu (SHIB) Bears in Action as Price Slips 19%

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