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.
Technical Indicators Flash Bullish
Momentum indicators suggest that SHIB may extend its recovery into July:
- MACD Bullish Crossover:
The Moving Average Convergence Divergence (MACD) line has crossed above the signal line—a classic bullish sign. This crossover typically indicates rising momentum and growing buyer interest, often interpreted by traders as a strong entry signal. - Chaikin Money Flow (CMF) Strengthens:
SHIB’s CMF has climbed to 0.15, indicating significant capital inflows and sustained buying pressure. The CMF measures how money moves into or out of an asset, with positive values suggesting that accumulation is underway.
Target: $0.00001362 — A 17% Upside
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.
Bottom Line
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
