Shiba Inu (SHIB) is showing signs of life after a prolonged slump, briefly reclaiming the $0.000009 level before easing back to $0.000008688. CoinGecko data shows a modest but notable uptick: +3% in 24 hours, +15.8% over the past week, +18.7% across 14 days, and +4.1% month-to-date. Even with this bounce, SHIB remains deeply underwater — about 64.1% below its January 2025 level. The recent lift in SHIB’s price has coincided with a broader crypto market rebound. Bitcoin reclaimed the $93,000 mark earlier today, and other tokens have been following suit. Some market participants point to geopolitical and macro developments — including the U.S. seizure of Venezuelan oil reserves, which analysts say may have eased risk perceptions — as well as weekend stock market closures that can push flows into crypto, as potential catalysts behind the move. Technically, SHIB faces a clear hurdle around $0.000009, and the psychological target of “deleting a zero” — moving up to $0.00001 — will be a tougher test if selling pressure re-emerges. The token is still in recovery from the wide market correction that began in October 2025, and overall market fragility means fresh volatility could quickly alter the current momentum. On the near-term outlook, CoinCodex analysts are bullish enough to project SHIB cracking $0.00001 by Jan. 31, 2026, but they caution that the level may not hold and foresee a subsequent correction. That view underlines a broader point: SHIB is a memecoin and carries elevated risk compared with more established assets. Recent capital rotations away from speculative positions may limit SHIB’s upside unless risk appetite returns. Bottom line: the latest rally gives Shiba Inu a pulse and highlights how closely memecoins move with broader market sentiment and Bitcoin’s trajectory. But key resistance at $0.000009 and the token’s long-term drawdown mean investors should expect volatility — and prepare for both follow-through gains and sharp pullbacks. Read more AI-generated news on: undefined/news

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