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Shiba Inu (SHIB) has once again entered an upward trend with the market rebound, making the possibility of a 're-breakout of $0.00001' a key point of interest.
According to crypto media outlet Watcher.Guru on April 22 (local time), Shiba Inu has risen by 2.5% in the last 24 hours, showing a gradual recovery with increases of 6.4% over a week, 0.9% over 14 days, and 6.5% over a month. However, the price still remains about 50% lower than its peak since April 2025.
The background to this rebound is Bitcoin's rise. Bitcoin broke through approximately $78,000 on the day, surpassing a major resistance level for the first time in about three months, and this trend is analyzed to have boosted investor sentiment across the entire cryptocurrency market, putting upward pressure on Shiba Inu as well.
In addition, expectations for improved US-Iran relations also acted as a factor stimulating risk asset preference. Although tensions in the Middle East have not been fully resolved, the opening of negotiation possibilities has led to increased capital inflow across the market, and meme coin Shiba Inu also appears to be benefiting from this trend.
However, in the short term, there is a clear resistance zone. Shiba Inu is facing strong selling pressure around $0.000006, and if additional upward momentum is not introduced, there is a possibility of sideways movement in this zone.
Future variables include interest rate policy and geopolitical issues. If the possibility of an interest rate cut in May and progress in US-Iran peace negotiations materialize, a market-wide bull run could resume, and in that case, the possibility of Shiba Inu recovering $0.00001 again is also open to analysis.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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