$SHIB Shiba Inu ($SHIB IB) has experienced major challenges in recent months during a general downturn in the crypto market. Despite a five-day winning streak that boosted SHIB’s price to $0.00001567 on March 26, the meme coin remains more than 27% below its February high.

As investors remain concerned about its short-term price movements, some believe that long-term growth is still achievable. The price of $SHIB B rose to its highest level of $0.00001567 but then declined and touched $0.00001379, indicating the bearish nature of the coin. As of press time, Shiba Inu’s price had dropped by 2.90%, trading at $0.00001281.