{"id":256694,"date":"2024-02-29T21:37:23","date_gmt":"2024-02-29T16:07:23","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-shib-could-peak-at-0-0001-in-march-crypto-news\/"},"modified":"2024-02-29T22:00:08","modified_gmt":"2024-02-29T16:30:08","slug":"why-shib-could-peak-at-0-0001-in-march-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-shib-could-peak-at-0-0001-in-march-crypto-news\/","title":{"rendered":"Why SHIB Could Peak At $0.0001 In March? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"p1\">Shiba Inu Coin, the second most prominent meme coin, has been on the move this week, rallying in tandem with\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/crypto-price-prediction\/\"><span class=\"s1\">Bitcoin<\/span><\/a>. As BTC peaked close to $64,000 on Wednesday, SHIB topped out at $0.0000147. Shiba Inu Coin price is up by a staggering 135% from its 2023 low of $0.0000059 to trade at $0.000014 during US business hours on Thursday.<\/p>\n<h2 class=\"p1\">Levels To Watch As Shiba Inu Coin Price Picks Up The Pace<\/h2>\n<p class=\"p1\">Shiba Inu Coin maintains a positive outlook despite the burn rate falling 100% to zero. According to the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.shibburn.com\/\"><span class=\"s1\">Shib burn<\/span><\/a>\u00a0website, no coins have been burned in the last 24 hours, keeping the circulating supply at 581 trillion tokens.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p class=\"p1\">The token burn stands out as one of the most elaborate in the crypto industry with 410 trillion SHIB removed from supply so far. Despite this impressive achievement, Shiba Inu is still among the projects with the largest token supplies believed to be holding it back from rallying to record highs and beyond.<\/p>\n<p class=\"p1\">Key projects like the layer 2 scaling solutions, and Shibarium are also contributing to the burn program.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p class=\"p1\">Meanwhile, the path of the least resistance flipped upwards after SHIB pushed past the descending trend line resistance, as shown on the daily chart. While the token was bullish before this breakout, congestion at $0.00001 initially kept SHIB consolidation between support highlighted by the 200-day Exponential Moving Average (EMA) at $0.0000092.<\/p>\n<figure id=\"attachment_183373\" aria-describedby=\"caption-attachment-183373\" style=\"width: 2694px\" class=\"wp-caption aligncenter\"><noscript><img decoding=\"async\" fetchpriority=\"high\" class=\"size-full wp-image-183373\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06.png\" alt=\"Shiba Inu Coin price chart | Tradingview\" width=\"2694\" height=\"1444\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06.png 2694w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06-1224x656.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06-1536x823.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06-2048x1098.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/SHIBUSD_2024-02-29_18-37-06-150x80.png 150w\" sizes=\"(max-width: 2694px) 100vw, 2694px\"\/><\/noscript><figcaption id=\"caption-attachment-183373\" class=\"wp-caption-text\">Shiba Inu Coin price chart | Tradingview<\/figcaption><\/figure>\n<p class=\"p1\">The Moving Average Convergence Divergence (MACD) indicator backs the rally flaunting a buy signal since the beginning of February.<\/p>\n<p class=\"p1\">Intraday traders are looking forward to\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/shiba-inu-burn-rockets-2000-community-burns-93-mln-shib-whats-next\/\"><span class=\"s1\">Shiba Inu Coin<\/span><\/a>\u00a0closing the day above $0.000014 \u2013 a current immediate resistance. Should this level hold as support, more investors would be compelled to buy speculating further price increases to $0.00002.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p class=\"p1\">Increasing the buying pressure would play a huge role in upholding the rally, considering the possibility of a retracement due to a potential double-top pattern around $0.000015.<\/p>\n<p class=\"p1\">Shiba Inu unsuccessfully tested this resistance one year ago in February which was followed by a massive sell-off to $0.0000059. If defeated, SHIB has the potential to rally aiming for $0.0001. A dollar cost average (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/dca-dollar-cost-averaging\/\"><span class=\"s1\">DCA<\/span><\/a>) strategy will also come in handy in case of corrections.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/shiba-inu-coin-price-prediction-why-shib-could-peak-at-0-0001-in-march\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/shiba-inu-coin-price-prediction-why-shib-could-peak-at-0-0001-in-march\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA183372\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD183372\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/meta-llama-3-features-to-outperform-gpt-4-gemini\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-Meta-cong-bo-mo-hinh-ngon-ngu-AI-moi-Llama-3-vao-thang-7.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Meta Llama 3: Features to Outperform GPT-4 & Gemini\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-Meta-cong-bo-mo-hinh-ngon-ngu-AI-moi-Llama-3-vao-thang-7.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-Meta-cong-bo-mo-hinh-ngon-ngu-AI-moi-Llama-3-vao-thang-7-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-Meta-cong-bo-mo-hinh-ngon-ngu-AI-moi-Llama-3-vao-thang-7-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Meta Llama 3: Features to Outperform GPT-4 & Gemini <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/jim-cramer-predicts-ethereum-etfs-expected-to-grow\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-jim-cramer-reveals-the-5-stocks-he-would-buy-right-now-on-members-only-call-1.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Jim Cramer Predicts Ethereum ETFs Expected to Grow\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-jim-cramer-reveals-the-5-stocks-he-would-buy-right-now-on-members-only-call-1.png 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-jim-cramer-reveals-the-5-stocks-he-would-buy-right-now-on-members-only-call-1-225x300.png 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-jim-cramer-reveals-the-5-stocks-he-would-buy-right-now-on-members-only-call-1-150x200.png 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Jim Cramer Predicts Ethereum ETFs Expected to Grow <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/7-reasons-why-you-should-invest-in-memecoins\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"7 Reasons Why You Should Invest In MemeCoins\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-28T134028.784-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">7 Reasons Why You Should Invest In MemeCoins <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu Coin, the second most prominent meme coin, has been on the move this week, rallying in tandem with\u00a0Bitcoin. As BTC peaked close to $64,000 on Wednesday, SHIB topped out at $0.0000147. Shiba Inu Coin price is up by a staggering 135% from its 2023 low of $0.0000059 to trade at $0.000014 during US [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":256701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-256694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=256694"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256694\/revisions"}],"predecessor-version":[{"id":256703,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256694\/revisions\/256703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/256701"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}