At pay sahibi

Shiba Inu has experienced a massive price correction in the past few weeks. Data from CoinMarketCap shows the Shiba Inu price has dropped by 16.8% on the weekly timeframe. The losses have also extended to the biweekly and monthly levels where there are price drops of 23.0% and 3.1%.

The meme coin’s value is consolidating between $0.00002364 and $0.00002887 on the weekly level. Despite the decline, analysts maintain a bullish stance on the Shiba Inu crypto. Crypto Sheriff believes that $SHIB

’s price could rise above its current record high of $0.00008654 this cycle.

Also, another analyst CryptoELITES has cited a cup and handle formation on the weekly chart. According to him, a potential breakout could push the Shiba Inu price USD to $0.0004729. Such a rally would erase a zero from the current value of the token.
#MarketPullback