{"id":261487,"date":"2024-03-08T19:45:36","date_gmt":"2024-03-08T14:15:36","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-shiba-inu-price-rally-surpass-0-00005-barrier-in-march-crypto-news\/"},"modified":"2024-03-08T19:45:41","modified_gmt":"2024-03-08T14:15:41","slug":"will-shiba-inu-price-rally-surpass-0-00005-barrier-in-march-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-shiba-inu-price-rally-surpass-0-00005-barrier-in-march-crypto-news\/","title":{"rendered":"Will Shiba Inu Price Rally Surpass $0.00005 Barrier in March? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Shiba Inu Price: The Bitcoin price reversal from the new All time high of $69000 has weakened recovery momentum in the broader market. The overhead supply sparked fresh corrections in altcoins including the popular meme coin <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/trending\/shiba-inu-price-dips-is-the-bull-run-over-for-shiba-inu\/\">Shiba inu<\/a>. In the last four days, the SHIB price witnessed a drop from $0.0000456 to $0.0000292 accounting for a 35% drop. Will this correction prolong in March or buyers take control again?<\/span><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/shiba-inu-shibs-2-tln-move-sparks-speculations-price-to-reach-0-0001\/\">Shiba Inu: SHIB\u2019s 2 Tln Move Sparks Speculations, Price To Reach $0.0001?<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><b>Shiba Inu\u2019s New Address Surge Highlights Investor Confidence<\/b><\/h2>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/h\/Hh2Gp3fM.png\" alt=\"BINANCE:SHIBUSDT Chart Image by sahilmahadik07\"\/><\/noscript>The last two weeks have been a blessing for meme holders as the sector outperformed the broader market with a robust recovery trend. The meme cryptocurrencies like Dogecoin, Shiba Inu, Pepe Coin, Bonk, and Floki witnessed triple-digit gains marking a notable change in the market dynamics.<\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The second largest memecoin Shiba Inu jumped from $0.00000934 to $0.0000456, registering a growth of 389%. However, with the Bitcoin price reverting from $69000, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/trending\/shiba-inu-price-gains-momentum-as-shib-futures-oi-reaches-112-mln\/\">SHIB<\/a> price witnessed a temporary pullback to hit $0.00003.<\/span><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">According to the latest data from the cryptocurrency analytics firm IntoTheBlock, Shiba Inu has had a dynamic start to March, seeing a sharp increase in activity with more than 8,400 new addresses created each day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The peak activity saw as many as 21,000 new daily addresses, marking a nearly twentyfold rise from the daily average recorded in February. This uptick signals a growing interest and engagement within the Shiba Inu community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Shiba Inu kicks off March with a bang, attracting over 8.4k new addresses daily &#038; peaking at 21k new daily addresses \u2013 nearly 20x February&#8217;s daily average. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ShibaInu?src=hash&#038;ref_src=twsrc%5Etfw\">#ShibaInu<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SHIBARMY?src=hash&#038;ref_src=twsrc%5Etfw\">#SHIBARMY<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5hXvKfqfio\">pic.twitter.com\/5hXvKfqfio<\/a><\/p>\n<p>\u2014 IntoTheBlock (@intotheblock) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intotheblock\/status\/1765678131619275072?ref_src=twsrc%5Etfw\">March 7, 2024<\/a><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/shiba-inu-coin-price-forecast-shibs-climb-to-0-0001-imminent-amidst-meme-coins-rally\/\">Shiba Inu Coin Price Forecast: SHIB\u2019s Climb To $0.0001 Imminent Amidst Meme Coins Rally?<\/a><\/p>\n<h2><b>Healthy Retracement Hints Shiba Inu Price Rally to $0.00005?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">An analysis of the daily time frame chart shows the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/shiba-inu\/\">Shiba Inu price<\/a> rebounded from the $0.00003 support with a morning star candle. This reversal pattern after a healthy retracement bolsters buyers to recuperate the exhausted bullish momentum and return on the recovery trend. The post-correction rally may prolong the recovery trend to $0.00004, followed by $0.000054<\/span><\/p>\n<h2><b>Technical Indicator:<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400;\">Despite the overhead supply, the rising upper boundary of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band<\/a> indicator indicates the buyers are the key driving force of the current price momentum<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">The ADX rising at 55% hints the SHIB price would need a minor pullback to regain strength.<\/span><\/li>\n<\/ul>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p class=\"m-0\">Related Articles<\/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\/will-shiba-inu-price-rally-surpass-0-00005-barrier-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\/will-shiba-inu-price-rally-surpass-0-00005-barrier-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\/\">\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=\"TabA184801\">\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>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/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\/a533fdcf650a1d3d3b6a452bcef2d18a?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\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?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=\"TabD184801\">\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. 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The overhead supply sparked fresh corrections in altcoins including the popular meme coin Shiba inu. In the last four days, the SHIB price witnessed a drop from $0.0000456 to $0.0000292 accounting for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":261488,"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-261487","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\/261487","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=261487"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261487\/revisions"}],"predecessor-version":[{"id":261489,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/261487\/revisions\/261489"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/261488"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=261487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=261487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=261487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}