Is This the Final Dip Before Shiba Inu Price Surpass $0.00005?

Shiba Inu Price: Shiba Inu, the second-largest meme cryptocurrency, began a corrective trend in the second week of February, with its price retracting from the $0.000045 level. This shift was propelled by a decline in the Bitcoin price below $70,000, and Shiba Inu subsequently hitting a low of $0.0000238, marking a 47% decrease. This downturn hints at a potential fall below the 50% retracement, suggesting the asset may be gearing up for additional downfall.