- The U.S.-Iran ceasefire has boosted risk appetite, fueling a cryptocurrency market surge.
- Shiba Inu (SHIB) is rallying, up 4.6% in 24 hours, 3.5% in a week, and 15.1% over the month.
- The memecoin’s breakout hinges on Bitcoin overcoming its $72,000-$73,000 resistance level.
- Higher Federal Reserve interest rates and potential geopolitical re-escalation could impede SHIB’s progress.
- CoinCodex analysts forecast a bearish downtrend for SHIB, predicting a price of $0.000005020 by June 10, 2026.
A geopolitical ceasefire has ignited a cryptocurrency rally. A recently announced two-week ceasefire between theUnited States andIran triggered a surge across the market, with Bitcoin testing $72,000 once again. Consequently, assets like Shiba Inu are following its bullish lead, according to CoinGecko’s SHIB data.
However, the rally hinges on Bitcoin’s performance at a key resistance zone. The original cryptocurrency has faced multiple rejections at the $72,000-$73,000 price level. Another rejection could stall the entire market or trigger a corrective phase. Therefore, SHIB may not break past the $0.00001 mark unless Bitcoin decisively clears its hurdle.
Meanwhile, monetary policy presents another challenge. There is a very low chance of an interest rate cut after the Federal Reserve’s April meeting. Higher rates often reduce investor risk appetite as borrowing becomes more difficult. SHIB’s momentum could consolidate if rates remain elevated.
Furthermore, the ceasefire itself is a temporary two-week arrangement. A failure and re-escalation of the conflict would likely cause a market-wide correction. Under such circumstances, SHIB could suffer greatly, eliminating any chance of hitting its target. CoinCodex analysts are also quite bearish, anticipating SHIB will fall to $0.000005020 by mid-June 2026.
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