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Shiba Inu (SHIB) breached the $0.00003 level on Sunday, Dec. 1, 2024. The asset last traded at this price point in March of this year. The dog-themed crypto was inching closer to a new yearly high but faced a correction earlier today. SHIB’s price is down 3.8% in the last 24 hours but is up 16.3% in the weekly charts, 18.4% in the 14-day charts, 67.3% over the previous month, and 254.8% since December 2023. Also Read: Ripple XRP Breaches $2 For The First Time In 7 Years: $3 Next? Source: CoinGecko Why Did Shiba Inu Face A Correction? SHIB is facing considerable resistance at the $0.00003 level. Investors may have booked profits after the asset’s recent rally. The correction could also be due to Bitcoin (BTC) failing to reclaim the $99,000 level. The original cryptocurrency hit an all-time high of $99,645.39 on Nov. 22, 2024. BTC’s price has dipped 3.4% since its recent peak. Also Read: Cardano Breaks Through $1.05: What’s Next for ADA? SHIB’s price may have taken...

Bitcoin (BTC) has made recent unsuccessful attempts to breach the $70,000 mark, leaving the market speculating about the next price trajectory, especially with the upcoming halving event less than a month away.  While there is optimism that the halving will trigger another bullish rally, there remains a segment of the market that is not entirely convinced. In particular, crypto trading expert, Alan Santana , in a TradingView post on March 20 outlined potential correction targets for Bitcoin, shedding light on what could be in store for the maiden crypto. Picks for you AI predicts Ethereum price for end of 2024 2 hours ago Robert Kiyosaki blasts China as ‘foolish’ says stock market is ‘in trouble’ 2 hours ago Cardano adds over 2,000 wallets per day in 2024 3 hours ago What is the best day to buy Bitcoin? 4 hours ago The analyst noted that the recent correction that saw Bitcoin touch the $61,000 mark amid three days of trading in the red, c...