Shiba Inu To $0.00004: Is This Still Possible By the End Of March?
Shiba Inu Growth Possibility:
The Shiba Inu price pulled a stunning growth from a low of $0.000009333 recorded over the past month to a recent 52-week high of $0.00004534. With the price now at $0.00002529, the contention remains whether SHIB can pull a comeback to $0.00004.
Historical data from Cryptorank shows Shiba Inu typically exhibits mixed growth sentiments for March. The coin has already jumped by 103.6% this month and should it sustain the growth, it can help revert prices to the desired monthly high.
Amid the market-wide correction, current trading volume, up 2.4% in 24 hours to $1,739,733,361, shows revived interest in the token. The correlation with Bitcoin is a possible catalyst for SHIB as any recovery in the former can spark a major uptick in the latter.
$SHIB Inu , however, has no solid fundamentals at the moment to complement the Bitcoin revolution, a trend that may serve as a bottleneck to the move upward.
In anticipating the potential closing price for Shiba Inu by the end of March, insights from Changelly and Coincodex hint at a near possibility of retesting $0.00004.
According to Changelly, the token will trade at an average price of $0.00003950 by March 31, up by 58.57% from the current price level. Notably, this marks the best bargain as Coincodex pegs the month-end price at an average of $ 0.00003589 or 47.21%.
