Shiba Inu Price Eyes Rally to $0.00003 in Undervalued State

Amid this week’s consolidation, the Shiba Inu price is hovering above the $0.0000163 level, trying to stabilize above multi-month support. The SHIB price in the daily chart producing alternative green and red candles shows no clear initiation from buyers or sellers. Will the pattern hold true and trigger a fresh recovery or Bitcoin’s potential break below the $60000 mark signal a fresh correction?