Shiba Inu (SHIB) is finally seeing some upward price actions after months of struggle. The popular cryptocurrency briefly reclaimed the $0.000009 price level, but has since dropped to $0.000008688. According to CoinGecko data, SHIB has rallied 3% in the last 24 hours, 15.8% in the last week, 18.7% in the 14-day charts, and 4.1% over the previous month. Despite the rally, Shiba Inu (SHIB) is still down by a whopping 64.1% since January 2025. Let’s discuss if SHIB will finally delete the zero it gained last year, or will it face a price dip again.
Will Shiba Inu Continue Its Rally And Delete a Zero?
Shiba Inu (SHIB) latest price surge comes amid a larger crypto market resurgence. Bitcoin (BTC) reclaimed the $93,000 mark earlier today, and other assets seem to be following its trajectory. The market rebound could be due to expectations of economic stability after the US seized Venezuelan oil reserves. Moreover, the stock market being closed on the weekend may have pushed investors into Shiba Inu (SHIB) and other crypto assets.
Shiba Inu (SHIB) is still recovering from the market correction that took place since October 2025. The crypto market is still quite fragile and fresh volatility could alter current trends at any moment. SHIB is currently facing substantial resistance at the $0.000009 price level, making move to $0.00001 much difficult.
According to CoinCodex analysts, Shiba Inu (SHIB) will continue its upward trajectory over the coming weeks. The platform anticipates the asset to delete a zero and hit $0.00001 on Jan. 31, 2026. However, CoinCodex does not expect SHIB to hold the $0.00001 price level, predicting a price correction soon after.
Also Read: Shiba Inu Has Risen 12,560,000% in 5 Years: Can it Do It Again?
Shiba Inu (SHIB), being a memecoin, carries some of the highest risk in the market. Given that investors have been moving away from risky assets over the last few months, SHIB’s price could struggle to gain steam over the coming weeks, unless the pattern changes.