Meme coin Shiba Inu, which saw its value tumble by 24% in June, began showing early signs of a recovery as July got underway. Technical patterns on the short-term chart indicate the price is making a renewed attempt to move higher.
Short-term technical outlook
On the four-hour chart, the 23-period moving average has crossed above the 50-period moving average. This technical pattern, known among traders as a “Mini Golden Cross,” emerged at approximately $0.000004346. Such crossovers in technical analysis are seen as signals of increasing buying activity in the short term.
Mini glossary: A Mini Golden Cross is a technical signal that occurs when a short-term moving average crosses above a longer-term moving average. This pattern alone does not guarantee a direction but may point to short-term momentum shifts.
This move has opened the door for the price to retest a local resistance area. The closest target is the $0.00000470–$0.00000480 range, where the 200-period moving average acts as the primary technical threshold exerting pressure on price action.
Following the Mini Golden Cross on the four-hour chart, Shiba Inu price is moving up toward the local resistance band between $0.00000470 and $0.00000480.
July performance and historical trends
CryptoRank data shows that July has historically often been a month of recovery for Shiba Inu. This tendency, typically seen after spring and early summer sell-offs, is resurfacing with the current move. As of July 3, SHIB had gained 3.56% on a daily basis, inching closer to its historical median July return of 6.24%.
July closes in previous years are also noteworthy. SHIB rose 13.4% in July 2022, climbed 11.8% in July 2023, and increased 8.92% in July 2025, according to available data. This year’s chart points to a potential gain of around 9%, aligning closely with historical patterns.
Key price levels to watch
For the short-term bullish scenario to persist, SHIB must stay above $0.000004346. If this base holds and the price breaks above the 200-period moving average, there remains about 9% upside potential towards the $0.00000475 level.
Conversely, if selling pressure emerges at the 200-period average, the technical setup could weaken. In this scenario, price may revisit June lows by testing the psychological support near $0.00000400.
The key determinant in upcoming sessions will be whether the price can consistently hold above the 200-period moving average.
In the current environment, Shiba Inu is striving to maintain its local recovery and reverse the long-standing downward trend. However, with the price now approaching a strong resistance zone, increased volatility could be on the horizon during the next trading sessions.
