Shiba Inu Turns Bullish With 24% Rally: Will SHIB Delete A Zero?
Shiba Inu (SHIB) has turned bullish following a market-wide resurgence, registering a rally of 24% in the weekly charts, according to CoinGecko data. SHIB has reclaimed the $0.0000061 price level after months of struggle. SHIB gained an additional zero after its decimal point in 2025, and is making an effort to hit $0.00001 once again. Let’s discuss what’s next. Source: CoinGecko Will Shiba Inu Continue Its Rally And Hit $0.00001? Source: Pixabay Shiba Inu’s (SHIB) latest price surge comes after Bitcoin (BTC) reclaimed the $86,000 price level. The market-wide rally was likely due to a dip in oil prices after Iran proposed to open the Strait of Hormuz if its demands are met. A oil price dip could lead to lower inflation, which could allow the Federal Reserve to lower interest rates. Lower rates often leads to more risky investments. While Shiba Inu’s (SHIB) latest price rally is welcome, there are significant risks ahead. Firstly, the Federal Reserve raised intere...