Shiba Inu (SHIB) is seeing gains in the daily, weekly, and monthly charts, following Bitcoin’s (BTC) recent rebound from $65,000 to $67,000. According to CoinGecko data, SHIB’s price has risen by 2.7% in the last 24 hours, 3% in the last week, and 3.2% over the previous month. However, the popular cryptocurrency is still down by 0.2% in the 14-day charts and 53.3% since late March 2025. Let’s discuss if Shiba Inu (SHIB) will continue rallying and delete a zero from its price, or will the popular cryptocurrency face another rejection.
Can Shiba Inu Delete A Zero, Or Will It Dip Again?
Shiba Inu (SHIB) last traded at the $0.00001 price level in November of last year. The asset has faced substantial struggles since the October 2025 market crash. In fact, SHIB has been on a downward trajectory since December 2024 after reclaiming $0.000032, following Bitcoin (BTC) hitting $100,000 for the first time.
The crypto market has lost substantial steam since late 2025. Market participants began a risk-off approach after increasing macroeconomic uncertainty and geopolitical tensions. The US-Iran conflict added fuel to the fire, leading to increased investor worry. Shiba Inu (SHIB), being a memecoin, carries significantly more risk than other crypto assets, such as Bitcoin (BTC), Ethereum (ETH), XRP, etc.
Shiba Inu (SHIB) seems to be following Bitcoin’s (BTC) trajectory. The original cryptocurrency is showing signs of another reversal following its recent dip. However, BTC has faced substantial resistance at the $72,000-$74,000 price range. BTC may see another rejection at the $72,000 price mark. Shiba Inu (SHIB) will also likely face a similar fate. While the recent rally is welcome, the crypto market is still far from recovered.
Also Read: Was Shiba Inu’s Shibarium A Failure? Here’s What To Know
Given the prolonged bearish sentiment, it is unclear if Shiba Inu (SHIB) can actually delete a zero anytime soon. CoinCodex analyst also paint a bearish picture for SHIB. The platform anticipates the asset’s price to dip over the coming months, falling to $0.000004862 on June 28, 2026.
Credit: Source link
