- SHIB held strong at $0.00001100 after a rough 11% drop in June.
- Analysts forecast a 30% rally as momentum and support levels strengthen in July.
- A spike in token burns could reignite demand and push SHIB through resistance.
Shiba Inu’s SHIB stumbled hard in June. The 11% drop left traders uneasy. Whales backed off. Retail buyers paused. Even the much-hyped Shibarium layer‑2 upgrade failed to deliver fireworks. Instead of pumping prices, it fizzled out quietly. But here’s the twist: SHIB didn’t collapse. It held its ground around $0.00001100. That level acted like a safety net. Now, with July in full swing, SHIB shows signs of a rebound. And this bounce might surprise everyone.
Shibarium Let Down, But SHIB Shows Strength
Shibarium was supposed to reignite interest. Instead, it landed with a thud. Network activity remained weak. Transaction volumes dropped. And demand dried up. Whales stayed on the sidelines. Retail holders grew silent. Still, SHIB didn’t break down further. That support levels near $0.000011. Price stability returned. And in crypto, holding support means everything. Once fear settled, buyers started peeking in.
The charts now show SHIB testing resistance levels. These zones have capped prices before. But this time feels different. Analysts see potential for a 30% move in July. That number isn’t wishful thinking. SHIB posted gains in the past week. Momentum, while subtle, is real. And once momentum takes hold, sentiment can shift quickly. Holding support through tough conditions shows strength. It reveals hidden demand. That strength becomes the spark for a rally.
Burn Rate Sparks Hope, Traders Watch Closely
Token burning is one quiet force that could yrigger SHIB’s next breakout. SHIB’s burn mechanism remains active. But it needs a push. A spike in burn activity could spark fresh optimism. Burned tokens reduce supply. That shrinking supply, if demand rises, can send prices higher. Even modest burn surges have fueled rallies in the past. Retail investors are watching. Traders on social media are beginning to talk. The tone is changing. Once doubt dominated—now hope whispers.
Resistance still stands in SHIB’s path. But if the buyers breach that line, a rally could accelerate. Short-term charts already flash small bullish signals. Support holds. Higher lows are forming. Volume ticks up. The ingredients for a rally are on the table. Whales haven’t returned fully. But they rarely lead. Retail moves first. If they push hard enough, big players often follow.
July won’t be easy for SHIB, but the path is clearer. Support is strong. Resistance is weakening. A decent burn push could set the rally in motion. Shiba Inu may not be roaring yet, but the pulse is quickening. Traders feel the tension building. Charts whisper a new direction. If SHIB catches even a breeze of momentum, this dog could run again.
