Shiba Inu’s price increased slightly amid a broader cryptocurrency market rebound led by Bitcoin’s test of the $72,000 level. Data indicates SHIB gained 2.9% daily and 7.4% weekly, though it remains down significantly from a March 2025 peak. The recent movement is linked to potential de-escalation in U.S.-Iran geopolitical tensions, but high volatility persists.
The Shiba Inu token is experiencing a price increase following a market-wide rebound. Bitcoin is once again testing the $72,000 price level, with other assets following its lead. According to CoinGecko’s Shiba Inu data, SHIB’s price has registered a 2.9% rally in the daily charts and a 7.4% rally in the weekly charts.
The popular crypto is still down by more than 50% since March 2025. Shiba Inu’s latest price jump is likely due to chances of de-escalation in the US-Iran conflict. Although the recent price rally may have brought some relief to investors, the asset is still far from recovered.
Volatility is still very high, and the price could dip once again. If tensions flare up in the Middle East, risky assets, especially memecoins like SHIB, could see big price dips. CoinCodex analysts anticipate Shiba Inu to continue its upward momentum over the coming weeks.
The platform predicts SHIB will trade at $0.000006165 on March 31, 2025. However, the platform does not expect SHIB to be able to hold the $0.000006 price level. It predicts a correction back to around current levels by May 18, 2026.
There has been some talk about the Federal Reserve potentially printing more money to bring on economic stability. The central bank may even reduce rates in its attempt to do so. Such a move could prove beneficial for Shiba Inu and the larger crypto market.
