#Shiba Inu Sees 17% Rebound as Trump Calls for Ceasefire in Middle East Crisis
Shiba Inu price has gained 17% in the last two days, outperforming major assets like Bitcoin
$ETH $2 457, which have posted single-digit gains over the same period. This memecoin outperformance is being driven by a wave of renewed investor appetite for high-risk assets, following President Trump’s calls for a ceasefire in the Middle East.
As global markets responded positively to de-escalation headlines, capital flowed into volatile sectors of the crypto market, including memecoins. SHIB benefited directly from this sentiment shift, recording a sharp increase in daily trading volume and technical strength.
The 4-hour candlestick chart now reflects a clear short-term bullish reversal. $SHIB has reclaimed the $0.000011 support zone, a level that previously marked a key breakdown point in mid-June.