📰 Shiba Inu Preps for a Comeback as AI News Builds Hype
Despite recent dips, SHIB price holds strong above $0.000010, showing buyers are defending key support. Developer Shytoshi Kusama teased a July campaign focused on AI developments, calling it “JUL-AI” — promising announcements, ecosystem upgrades, and strategic updates.
➡️ Could this spark SHIB’s recovery from its months-long downtrend?
📉 SHIB Technical Overview (Beginner Friendly)
🔺 Pattern Forming: SHIB has been moving inside a triangle formation since April — a setup that typically ends in a breakout.
📊 Current Price: $0.00001123
📉 Weekly Drop: -4%
📉 Monthly Drop: -14.02%
🧠 Key Indicators Simplified:
🟥 Bear Bull Power (BBP): Still negative → shows sellers are strong, but red bar strength is fading → bears are losing momentum.
📈 RSI (Relative Strength Index):
Now at 40.34 → Slightly bearish
If RSI rises above 50, expect buying pressure to return.
📏 Moving Average Crossover: RSI trying to cross its average line → another early bullish reversal hint.
🔑 Critical Price Levels to Watch
📌 Resistance Zones:
$0.00001200 → Triangle top
$0.00001320 → Strong overhead resistance (breakout target if bullish momentum increases)
📌 Support Zones:
$0.00001015 → Immediate trendline support
$0.00000925 → February low (extreme bearish scenario)
🚦 What Traders Should Do Now
✅ If Bullish Momentum Builds:
Watch for a breakout above $0.00001200 → could lead to a move toward $0.00001320
If RSI crosses 50 and volume rises, it confirms a short-term trend reversal
❌ If Bears Regain Control:
Failure to hold $0.00001015 may push SHIB back to $0.00000925
This would reset bullish momentum and delay recovery
🧪 Catalyst to Watch — AI Ecosystem Updates
Shytoshi’s “JUL-AI” comment suggests real utility or innovation updates are coming this month. If the team delivers solid news around AI or Shibarium use cases, speculative interest could return quickly — especially in the meme sector where hype often drives price.
🧾 Conclusion
SHIB is holding an important level, forming a classic triangle, and traders are watching for signs of a breakout. RSI and BBP hint at weakening bearish control, but a confirmed move above $0.000012 is needed to flip sentiment.
📌 For now, SHIB remains in “wait and see” mode — but July could be decisive.