Imminent re-break of $0.00001... Is this the last low-price buying opportunity for Shiba Inu?

▲ Shiba Inu (SHIB)/ChatGPT generated image ©

As Shiba Inu (SHIB) once again rides an upward trend with the market rebound, the possibility of a 're-break of $0.00001' has emerged as a key point of interest.

According to the cryptocurrency media Watcher.Guru on April 22 (local time), Shiba Inu has risen by 2.5% in the last 24 hours, showing a gradual recovery with a 6.4% increase over a week, 0.9% over 14 days, and 6.5% over a month. However, the price still remains about 50% lower than its high since April 2025.

The background of this rebound is the rise of Bitcoin. Bitcoin broke through approximately $78,000 on this day, surpassing a major resistance level 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.

Additionally, expectations for improved US-Iran relations have also acted as a factor stimulating preference for risky assets. Although Middle East tensions have not completely resolved, the opening of negotiation possibilities has expanded capital inflow into the overall market, and meme coin Shiba Inu also appears to be benefiting from this trend.

However, in the short term, there are clear resistance levels. Shiba Inu faces strong selling pressure around $0.000006, and if additional upward momentum is not injected, there is a possibility that it will consolidate in this range.

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 bull market across the overall market could resume, in which case there is also a possibility that Shiba Inu could recover $0.00001 again, according to analysis.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*