- On Saturday, Shiba Inu (SHIB) price faced a major correction after dropping below 5%, declining to $0.000006088 with a market capitalization of around $3.6 billion.
- The rally in the memecoin stalled after facing strong resistance at around $0.0000064 and a correction in Bitcoin (BTC).
- The memecoin is currently struggling to hold its position above the major resistance levels.
On April 18, Shiba Inu (SHIB) plunged by around 5% on a daily chart despite bullish momentum in the crypto market, sparking panic among the memecoin investors.
At the time of writing this, SHIB is trading at around $0.000006088 with a drop of 4.82% in the last 24 hours, bursting the hope of a longer rally in the memecoin. The current market capitalization of the memecoin is around $3.6 billion, with a daily trading volume of around $139.88 million, according to CoinMarketCap.
Shiba Inu Falls Again After Hitting Major Resistance at $0.0000064
On Friday, the SHIB price...
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