Despite being in bear territory, Shiba Inu (SHIB) has maintained a 9.3% price rally over the weekly charts, according to CoinGecko data. Despite the rally, the asset is glowing red in the other time frames. SHIB’s price has dipped 4.3% in the 14-day charts, 14.3% over the previous month, and 58.5% since February 2025. Let’s discuss why Shiba Inu (SHIB) is green in the weekly charts, and if the asset will see any positive price action soon.
Will Shiba Inu’s Price Register A Rally Anytime Soon?
Shiba Inu’s (SHIB) weekly gains are a result of the weekend rally on Feb. 15, 2026. Bitcoin (BTC) had briefly reclaimed the $70,000 price level, and other assets followed BTC’s trajectory. SHIB rallied to the $0.00000721 level, but then faced a rejection. The market most likely experienced a short burst of inflows, which may have led to the price spike.
Given the recent rejection, it is possible that Shiba Inu (SHIB) will lost its weekly gains very soon. The market is still in bear territory and bulls are no where in sight. Moreover, retail investors are staying away from risky assets. SHIB, being a memecoin, carries more risk than other cryptocurrencies. Investors may not pour their capital into the memecoin market just yet.
However, there is a chance that the crypto market will benefit from the high tax return this season. Many anticipate billions of dollars to flow into the US equities market. We could see a similar inflow into the crypto market as well. Such a development could aid Shiba Inu (SHIB) in entering a bullish breakout.
Also Read: One Shiba Inu Price Prediction That Bulls Will Definitely Love
Moreover, the upcoming Federal Reserve Chair Kevin Warsh is expected to cut rates as soon as he enters office. A rate cut could further help Shiba Inu (SHIB) gain some lost momentum.