On June 22, SHIB plunged to its lowest level in 16 months amid a widespread downturn across digital assets. However, the tide turned after news of a ceasefire agreement between Israel and Iran sparked a global relief rally in risk assets, including crypto.
Currently trading at $0.00001162, SHIB has gained 16% from Sunday’s low, signaling renewed investor interest.
Momentum indicators suggest that SHIB may extend its recovery into July:
With macro sentiment turning risk-on and bullish technical indicators reinforcing the trend, SHIB could be gearing up for more upside. If current momentum holds, SHIB is expected to rally another 17%, reaching a short-term price target of $0.00001362.
While risks in the meme coin space remain high, Shiba Inu’s recent bounce and strong technical signals offer a glimmer of hope for traders eyeing a near-term rally. If capital inflows continue and market sentiment stays positive, SHIB could reclaim higher levels in the days ahead.
June 2025, Cryptoniteuae