## Introduction
Shiba Inu Coin, known for its volatility, faces challenges as its price dips by 6%. However, amidst the dip, there are indications of a potential bullish breakout that could see the coin reach $0.000045. Let’s explore the recent movements and patterns affecting Shiba Inu’s price.
### Shiba Inu Price Drop
Shiba Inu (SHIB) has experienced a 6% drop in its price, currently trading at $0.0000143. This decline marks the lowest level in a week for the coin. The dip was triggered by a significant increase in long liquidations, with over $2 million in long SHIB liquidations reported within 24 hours.
#### Meme Coin Market Correction
The downturn in Shiba Inu’s price is part of a broader correction witnessed across the meme coin market. CoinGecko data shows a 2% decrease in the meme coin market cap over the past day, with all major meme coins facing rapid selloffs.
### SHIB/USDT: 4-Hour Chart
Analyzing the 4-hour chart for SHIB/USDT, despite the prevailing bearish sentiment…
For more in-depth insights on Shiba Inu’s recent price movements and the potential breakout to $0.000045, visit Coingape.com.
**The article was first published on CoinGape.**
## Conclusion
In conclusion, the recent 6% drop in Shiba Inu’s price reflects the overall correction in the meme coin market. However, amidst the pullback, there are signals pointing towards a bullish breakout for SHIB to reach $0.000045. Stay tuned for further developments on Shiba Inu’s price trajectory.