#Shiba Inu drops below $0.00003 again; will bulls reverse momentum?

In recent days, Shiba Inu has focused on $0.00003. In the previous two days, the meme currency has struggled to hold above $0.00003 amid a market tug-of-war. A collapse below the number might cause a lengthy market reversal, leaving the crypto's path unknown as we start a new month.

Since the cryptocurrency is still doing well over a longer duration, most $SHIB investors remain positive. This has crypto analysts optimistic.

Right now, Shiba Inu is trading at $0.0000305, up 1.28% in the previous 24 hours. The cryptocurrency's price trend was mostly flat during the weekend. This dropped it to $0.00002958 yesterday.

The cryptocurrency returned above $0.00003 in the hours that followed, suggesting the continuous bull-bear battle.

While the activity suggests the bulls are tiring, a longer timescale suggests they may still be ahead. Because SHIB rose 8.60% in the last week, hitting $0.00003253 on March 28.

The coin is still up 123% in the previous 30 days, but it has reversed much of the gain it enjoyed earlier in the month, when bulls pushed to $0.00004456 for the first time since December 2021.

Shiba Inu's bullish momentum may have weakened from earlier in the month, but whales have been stockpiling for an upswing. Crypto specialists expect a positive spike in the next weeks. Captain Faibik, a crypto expert, predicted another 2X surge for SHIB. He predicts a bullish price formation.

SHIB is generating a bullish pennant flag pattern on the analyst's price chart. Captain Faibik predicts a flag pattern breakout may send Shiba to $0.000058 in April.

Rekt Capital, another famous analyst, expected a similar spike based on history. He believes the present SHIB action may resemble 2021's. It may start a powerful rise by breaking over $0.0000332 barrier.

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