Shiba Inu price is holding firm above $0.000011 during the early US trading session on Tuesday, June 24, marking a 17% rebound over the last 48 hours. On-chain analytics reveal that this surge, has driven 25% of $SHIB holders into profit. With momentum building, how far can the rally extend before encountering resistance?
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 , 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.
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