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. Ah, the thrill of watching your crypto portfolio do a dramatic dive while whispering, “It’s just a temporary setback-like my confidence in life.”
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. Or, as a confused investor might say, “I’m not panicking-I’m just reevaluating my life choices.”
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. So, if you’re a bull, this is like finding a $100 bill on the sidewalk-except the sidewalk is a crypto exchange and the bill is a mathematical illusion.
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. Because nothing says “optimism” like a 23-day moving average that’s probably just waiting to stab you in the back.
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. Because nothing says “market stability” like a bunch of economists debating over coffee while the rest of us panic.
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. So, basically, the Fed is acting like a teenager who’s been told they’re grounded but might still surprise you with a heartfelt apology.
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. Because nothing says “recovery” like a 6% drop followed by a hopeful “maybe next time.”
Read More
- ETH PREDICTION. ETH cryptocurrency
- Gold Rate Forecast
- USD THB PREDICTION
- Silver Rate Forecast
- Brent Oil Forecast
- Sui’s USDsui: The Stablecoin That’ll Make Your Wallet Go “Oh, That’s Nice!” 🚀💸
- BlackRock’s New Ethereum ETF: Staking Rewards or Just a Fancy Wallet?
- Wisconsin Dumps $321M in Bitcoin ETF – Shocking or Senile? 🤔💸
- Pi Network: The Great Squeeze or Another Crypto Farce? 🤡
- Crypto Circus: How Grinex Blew Over $1 Billion Despite Global Warnings! 🚨💸
2026-03-17 19:55