The US and Iran have agreed to a two-week ceasefire, leading to a surge in the cryptocurrency market. Bitcoin (BTC) is once again testing the $72,000 price level, and other assets are following its lead. Shiba Inu (SHIB) is also experiencing a breakout, rallying 4.6% in the last 24 hours, 3.5% in the last week, and 15.1% over the previous month, according to CoinGecko’s SHIB data. Let’s discuss if the US-Iran war ceasefire will push Shiba Inu (SHIB) beyond the $0.00001 mark once again.
Can The US-Iran War Ceasefire Delete A Zero For Shiba Inu?
The ceasefire seems to have increased risk appetite among investors. Shiba Inu (SHIB) being a memecoin, carries substantially more risk than other assets. If investors are willing to increase their risk exposure further, SHIB could see continued price rallies.
However, Bitcoin (BTC) is currently approaching its resistance level. The original crypto has faced rejection at the $72,000-$73,000 price level on multiple instances. Another rejection could lead to a market consolidation, if not another correction. If Bitcoin (BTC) stalls, Shiba Inu (SHIB) could face a similar fate. SHIB may not see a breakout beyond $0.00001 unless BTC breaks past its resistance level.
Furthermore, there is a very low chance of an interest rate cut after the Federal Reserve’s April meeting. Higher rates often lead to investors taking lower risks as borrowing becomes more difficult. Shiba Inu (SHIB) could face a price consolidation if interest rates remain higher for a longer period.
There is also a chance that the two-week ceasefire between the US and Iran could fail and the war may re-escalate. Such as situation could lead to a market-wide correction. Shiba Inu (SHIB) could suffer greatly under such circumstances, impeding any possibility of hitting $0.00001.
Also Read: Shiba Inu Price to 40x? Analyst Predicts Massive April Breakout
CoinCodex analysts are also quite bearish on Shiba Inu (SHIB). The platform anticipates SHIB to dip over the coming months, falling to $0.000005020 on June 10, 2026.
