Shiba Inu (SHIB) has experienced gains in its daily, weekly, and monthly charts following Bitcoin's recent rebound from $65,000 to $67,000.
According to CoinGecko data, SHIB's price has risen by 2.7% in the last 24 hours, 3% in the last week, and 3.2% over the previous month.
However, despite this rally, the asset is still down by 53.3% since late March 2025 and faces uncertainty regarding its ability to 'delete a zero' from its price.
The crypto market has been affected by increased macroeconomic uncertainty and geopolitical tensions, leading to a risk-off approach among investors.
Shiba Inu's performance is closely tied to that of Bitcoin, which has shown signs of another reversal following its recent dip. However, BTC may face resistance at the $72,000-$74,000 price range, potentially impacting SHIB's trajectory as well.
A bearish outlook for SHIB is also predicted by CoinCodex analyst, who anticipates a price dip to $0.000004862 on June 28, 2026.