Following its double-digit gains in recent days, Shiba Inu has moved closer to removing the fifth zero from its price.
After a largely lackluster performance in November, Shiba Inu has started showing modest gains in the past few days. As of December 3, the token reached a daily high of $0.000009463, marking a 21.83% increase from its November 23 low of $0.000007767.
The token’s advance came during a period when overall market sentiment swung between fear and extreme fear. Last week, the Fear and Greed Index, which gauges crypto investor sentiment, plunged to 15. Even in this environment, Shiba Inu continued to post steady, incremental gains, ultimately securing a 21% rise within 10 days.
Shiba Inu on The Road to $0.00001?
Notably, Shiba Inu has retraced to $0.00000883 from its December 3 peak of $0.000009463. Yet, its recent surge has fueled optimism that the token could be preparing to delete a zero and rebound above $0.00001.
For context, SHIB added a fifth zero on November 11, 2025, and has traded below that level for the past three weeks. It even dropped to a multi-week low $0.000007581 on November 22 before rebounding to $0.00000883, where it currently trades.
To reclaim $0.00001, Shiba Inu needs a 13.25% increase from its current price of $0.00000883. This growth requirement indicates the target remains within reasonable reach, as Shiba Inu has registered significant rallies in the past, including in December, when it spiked to $0.000033.
Moreover, anticipation of a potential Federal Reserve interest rate cut this month could support a stronger market-wide rally, benefiting Shiba Inu as well.
Bank of America recently projected that the Fed may lower rates by 25 basis points, a move that often boosts the price of risk assets like Bitcoin and Shiba Inu.
Bullish Sentiment for SHIB
In the meantime, community analysts remain optimistic that Shiba Inu is preparing for a major rebound. Pseudonymous analyst Shib Knight noted that retail buyers are gradually returning to SHIB. He suggested that their renewed interest could set the stage for a bullish week.
Likewise, market watcher Meme Whale predicted that Shiba Inu will not only rebound to $0.00001 but could eventually surge into the $0.001 to $0.01 range by April 2026.
Despite these bold projections, caution remains essential. Macroeconomic events have repeatedly derailed recovery attempts in recent months, and similar disruptions could once again hinder SHIB’s momentum.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
