Cryptocurrency Shiba Inu (SHIB), which had been demonstrating confident growth in recent days, gaining as much as 22% in price since March 9 at the peak, has over the past 24 hours shown a decline that already amounts to 6% from the local high reached yesterday at the $0.00000644 mark, as per TradingView.
This pullback, occurring in the middle of the week, can be called a healthy correction, demonstrating that the current growth of Shiba Inu is not a pump that will quickly deflate but rather a sustainable rally that has every chance to continue.
Last chance before the Fed? Why Shiba Inu (SHIB) bulls are defending the dip
As previously noted by U.Today, a strong price magnet for SHIB is the 200-day moving average, which is now positioned at the $0.00000860 level, or 43% above the current Shiba Inu price.
HOT Stories Ripple Stablecoin Rival PayPal Brings PYUSD to 70 Countries, Shiba Inu (SHIB) Breaks Key Threshold with Bullish 237 Billion Outflow, Citi Lowers Bitcoin Price Prediction to $112,000: Morning Crypto Report Rich Dad Poor Dad Author: Bitcoin to Hit $750,000
How long the correction will last is difficult to predict. A nearby support level is the 23-day moving average, currently located around $0.00000574 for SHIB. However, reaching this level would mean absorbing the gains of the last four days, which would represent a deep correction but would still leave a chance for the rally to continue toward the 200-day MA.
SHIB/USDT Daily Chart, Source: TradingView
You Might Also Like
Tue, 03/17/2026 - 15:35 Shiba Inu Crypto Exchange Netflow Jumps 208% as SHIB Volatility ReturnsByGodfrey Benjamin
An important driver and trigger that may influence the crypto market and Shiba Inu fundamentals in the coming days is tomorrow’s U.S. Federal Reserve rate decision. Even more significant than the rate itself, which is expected to remain unchanged, will be the rhetoric from the FOMC and Fed Chair Jerome Powell.
In the current macroeconomic environment, where U.S. GDP is declining but inflation data remains weak, the rhetoric is expected not to be aggressive, though it cannot be said with certainty that it will be dovish.
Thus, the market remains in balance with moderate risks. At the same time, as we can see, cryptocurrencies as a sector that previously fell faster than others are now recovering, albeit with pauses.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
