Shiba Inu, one of the most widely tracked meme coins in the cryptocurrency market, has rebounded sharply after falling to a 16-month low.#MarketRebound
The meme token surged more than 16% from its bottom of $0.00001004 and is currently trading at $0.00001159, despite a marginal 0.27% decline in the last 24 hours.$SHIB
The latest technical indicators, including a bullish MACD crossover and rising capital inflows, suggest SHIB may be setting up for a potential continuation of this recovery in the short term.#BTC110KToday?
The reversal coincides with a temporary boost in investor sentiment following news of a ceasefire agreement between Israel and Iran.#IsraelIranConflict
