A two-week US-Iran ceasefire has triggered a broad cryptocurrency market surge, with Bitcoin testing $72,000 resistance. Mirroring the bullish momentum, Shiba Inu (SHIB) has broken out, posting gains of 4.6% over 24 hours and 15.1% over the past month, reigniting speculation that the memecoin could reclaim the critical $0.00001 price threshold.

Can The US-Iran War Ceasefire Delete A Zero For Shiba Inu?

The ceasefire seems to have increased risk appetite among investors. Shiba Inu (SHIB) being a memecoin, carries substantially more risk than other assets. If investors are willing to increase their risk exposure further, SHIB could see continued price rallies.

However, Bitcoin (BTC) is currently approaching its resistance level. The original crypto has faced rejection at the $72,000-$73,000 price level on multiple instances. Another rejection could lead to a market consolidation, if not another correction. If Bitcoin (BTC) stalls, Shiba Inu (SHIB) could face a similar fate. SHIB may not see a breakout beyond $0.00001 unless BTC breaks past its resistance level.

Furthermore, there is a very low chance of an interest rate cut after the Federal Reserve’s April meeting. Higher rates often lead to investors taking lower risks as borrowing becomes more difficult. Shiba Inu (SHIB) could face a price consolidation if interest rates remain higher for a longer period.

There is also a chance that the two-week ceasefire between the US and Iran could fail and the war may re-escalate. Such as situation could lead to a market-wide correction. Shiba Inu (SHIB) could suffer greatly under such circumstances, impeding any possibility of hitting $0.00001.

CoinCodex analysts are also quite bearish on Shiba Inu (SHIB). The platform anticipates SHIB to dip over the coming months, falling to $0.000005020 on June 10, 2026.