Shiba Inu’s price has faced a prolonged decline since its peak of $0.000032 in December 2024, failing to reclaim the $0.00001 level for months. Analysts are examining whether a recovery is possible in April 2026 as Bitcoin tests key resistance, with current data showing modest short-term gains for the meme coin.
Shiba Inu (SHIB) has been on a downward trajectory for several months following a peak in December 2024. The asset failed to gain significantly even when Bitcoin (BTC) reached an all-time high of $126,080 in October 2025, indicating a dip in general interest. According to CoinGecko’s SHIB data, the token’s price has risen by 2.6% in the last 24 hours and nearly 11% over the previous month. This recent upswing coincides with Bitcoin testing the $70,000 price level once again.
Market observers note that if BTC can continue its rally and breach $75,000, SHIB could potentially reclaim $0.00001. However, Bitcoin has faced repeated rejection at the $73,000-$74,000 range, which may stall any meme coin rally. CoinCodex analysts also do not expect Shiba Inu to enter a recovery phase in April 2026, forecasting a correction to around $0.0000055 by month’s end. The broader memecoin market slowdown throughout 2025 has been linked to decreased investor risk appetite amid macroeconomic uncertainties.
