Shiba Inu (SHIB) is experiencing a massive price rally today, outperforming the likes of Bitcoin (BTC), Ethereum (ETH), XRP, etc. According to CoinGecko’s Shiba Inu data, SHIB’s price has risen 10.5% in the last 24 hours, 1% in the last week, and 0.2% in the 14-day charts. Despite the turnaround, the popular memecoin is still down by 9.6% over the previous month and 70.4% since December 2024. Let’s discuss if SHIB is finally out of the weeds and if it will finally delete a zero.

Will Shiba Inu Continue its Price Rally?

Shiba Inu’s (SHIB) latest upswing comes amid a market-wide resurgence. The crypto market seems to be recovering from two months of bearish overtones. Bitcoin (BTC) has reclaimed the $93,000 price level as futures data turn promising. The market rally could also be due to the high chances of another interest rate cut later this month.

If the market bullishness continues, Shiba Inu (SHIB) could continue its upward momentum. SHIB has yet to delete the zero it gained last month. An interest rate cut could further propel the memecoin’s price.

Shiba Inu (SHIB) is likely following Bitcoin’s (BTC) trajectory. According to financial institution Grayscale, BTC will likely climb to a new all-time high in 2026. If BTC hits a new all-time high, Shiba Inu (SHIB) could deliver a massive price bump. The asset could even reclaim its December 2024 price of $0.000032.

Also Read: Shiba Inu Prediction: Zoom Out, This SHIB Dip Looks Too Good to Ignore

There is also a possibility that Shiba Inu (SHIB) will face a price consolidation around current levels. The asset has struggled to gain momentum for most of 2025, even when other major assets were hitting new peaks. The lackluster trend could continue into 2026 if SHIB investors’ sentiment does not improve. Moreover, macroeconomic conditions could also hamper SHIB’s growth.