Meme coin Shiba Inu started to show signs of recovery at the beginning of July after losing 24 percent in value in June. The technical structure seen on the short-term chart shows that the price is in an upward attempt.
Short term technical outlook
On the four-hour chart, the 23-period moving average has moved above the 50-period average. This intersection, known as the Mini Golden Cross in the market, occurred at approximately $0.000004346. In technical analysis, such intersections may indicate that buying appetite has strengthened in the short term.
Mini dictionary: Mini Golden Cross is a technical signal that occurs when a short-term moving average crosses another longer-term average upwards. This structure alone does not give precise direction, but may indicate a short-term change in momentum.
This move opened up space for the price to head towards the local resistance zone. The range between $0.00000470 and $0.00000480 stands out as the closest target. The 200-period moving average is located in this region and is viewed as the main technical threshold that puts pressure on the price.
Shiba Inu price is heading towards local resistance in the $0.00000470 to $0.00000480 band after the Mini Golden Cross formed on the four-hour chart.
July performance and historical trend
CryptoRank data shows that July has often been a recovery month for Shiba Inu in the past. This trend, which came after the sales in spring and early summer, has come to the fore again with the current movement. As of July 3, SHIB rose 3.56 percent on a daily basis and began to approach the historical median return of 6.24 percent.
July closings in previous years also attract attention. SHIB increased by 13.4 percent in July 2022, 11.8 percent in July 2023 and 8.92 percent in July 2025. The potential of approximately 9 percent highlighted in the current chart is consistent with this historical picture.
| Period | Data |
|---|---|
| June | 24 percent decrease |
| July 3 | 3.56 percent increase |
| Historical July median | 6.24 percent |
| July 2022 | 13.4 percent increase |
| July 2023 | 11.8 percent increase |
| July 2025 | 8.92 percent increase |
Monitored levels
SHIB needs to remain above $0.000004346 to maintain the positive scenario in the short term. If this base is maintained and the price breaks above the 200-period moving average, a 9 percent area extending to around $0.00000475 could remain on the agenda.
In a negative scenario, selling pressure from the 200-period average may come to the fore. In this case, the technical structure may weaken and the price may approach the June bottoms again and test the psychological support at $0.00000400.
The main determining factor in the upcoming transactions will be whether the price can show permanent strength around the 200-period moving average.
In the current outlook, the token is trying to maintain the recovery it has achieved on a local scale and reverse the long-standing downward trend. However, the fact that the price is very close to strong resistance indicates that volatility may increase in the coming sessions.
