Shiba inu appears to be turning bullish amid an overall market resurgence. According to CoinGecko’s SHIB dataThe popular memecoin is up 2.5% within the past 24 hours. It’s also gained 6.4% over the last 7 days, and 0.9% on the charts for the next 14 days. SHIB is down nearly 50% in price since April 2025, even with the recent rise. SHIB’s price has been below $0.00001 for quite some time. We’ll discuss whether this is the last time you can buy SHIB at a price below $0.00001.
Can Shiba Inu reclaim $0.00001 amid bullish market forces?
Shiba Inu’s (SHIB’s) recent upswing is a result of Bitcoin (BTC’s) rise to the $78,000 level price earlier today. BTC reached $78,000 for the first in almost three months. This reversal of the original cryptocurrency has probably triggered a positive momentum on the market.
Bitcoin’s (BTC’s) recent rally is most likely a result of positive developments in relation to a potential US/Iran nuclear agreement. Although the Middle East war is still far from being over, a deal between both countries could spark a rush of investments that are risky. Shiba Inu could benefit greatly from a deal between Iran and the US.
Shiba Inu (SHIB), despite its recent price increase, is still far from recovering. SHIB faces substantial resistance around the price of $0.000006 and could continue trading at that level until more bullish forces are introduced to the market.
Please Read This: Should You Still Believe in Shiba Inu’s $0.01 Price Target
A possible interest rate reduction in May following Kevin Warsh’s appointment as new Federal Reserve head could be a bullish factor for Shiba Inu (SHIB). Crypto sector could see another bull run if interest rates drop and there is a deal reached between Iran and the US. SHIB would be able to regain the $0.00001 level of price under these circumstances.
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Source: watcher.guru
