Shiba Inu Price Rebounds but Remains Below Key Level Amid US-Iran Ceasefire Optimism

The recent US-Iran ceasefire has brought about a broad return to risk assets, with global equities and cryptocurrencies moving sharply higher. Shiba Inu (SHIB) has been no exception, rebounding by over 3% after the agreement reduced fears of a deeper supply shock tied to the Strait of Hormuz.

However, despite this recovery, SHIB still remains far below its target level of $0.00001, and analysts point to rising exchange flows as a potential limitation on upside. The token's short-term chart signals remain mixed, with some indicating a brief squeeze higher during the latest market bounce.

While the ceasefire has eased some pressure on global sentiment, inflation expectations have also moved higher in March, with one-year-ahead inflation expectations rising to 3.4%. This remains part of the broader macro picture, and could affect demand for speculative assets such as memecoins like SHIB.