The cryptocurrency market is experiencing a downturn, heavily influenced by the upcoming U.S. presidential election. This has affected Bitcoin, which fell below $70,000, alongside other major altcoins like Shiba Inu (SHIB), leading to increased selling pressure.
However, analysts are optimistic that this pullback may reinvigorate bullish momentum for SHIB, predicting a significant breakout. As Shiba Inu has been correcting for the past eight months, experts foresee a potential rally reaching $0.00004.
This optimistic outlook suggests a promising recovery path for Shiba Inu, driven by potential market shifts and renewed interest post-election.
