Shiba Inu Price Prediction: Will SHIB Add a Zero in the Near Future? Analyzing the Odds

Shiba Inu Experiences Volatility, But Unlikely to Add Another Zero

In the volatile cryptocurrency market, Shiba Inu (SHIB) has seen a recent dip in price value, declining by over 2% in the last 24 hours. This has raised concerns among some investors about the potential for the dog-themed meme coin to experience further declines and add another zero to its price.

According to CoinMarketCap data, Shiba Inu is currently trading at $0.00001259, representing a 2.68% drop in the last 24 hours. However, the trading volume has increased significantly, rising 89.07% to $271.45 million during the same time frame.

For SHIB to add another zero to its price, the meme coin would need to crash below the $0.000010 support level. The last time Shiba Inu reached such depths was in February 2024, when it traded at $0.000009738. While the coin did test this support in early April 2025, broader ecosystem developments suggest the chances of such a significant decline are low.

Notably, Shiba Inu, like other altcoins, often experiences a boost in price when Bitcoin (BTC) soars. Despite the ongoing market correction, Bitcoin is currently in a state of price discovery, and investors remain optimistic about a potential price breakout in the near future. This sentiment can lead to increased buying activity and price appreciation for both Bitcoin and Shiba Inu, suggesting that the odds of SHIB adding another zero are low.

As reported by U.Today, SHIB holders remain optimistic, with the open interest recently flipping positive, indicating that they are betting heavily on a price rebound. However, Shiba Inu has historically faced challenges in June, with the meme coin not closing green in that month for a long time. Nevertheless, as the saying goes, "history is made and broken instantly" in the volatile world of cryptocurrencies.