📰 Latest Shiba Inu ($SHIB) News & Market Snapshot

1. Market Movement & Technical Developments

SHIB has dropped around 6% over the past 24 hours, trading near $0.0000120–$0.0000140, amid broader market pressure linked to U.S. tariffs and dollar strength .

Recent indicators show possible support around $0.00001200, with potential bullish reversal if that level holds .

Analysts say the dip may be forming a cup-and-handle pattern, a bullish technical sign suggesting possible rebound if confirmed .

2. Recent Performance & Upcoming Forecasts

$SHIB jumped roughly 18% in July, marking its strongest monthly performance in over a year. It's now consolidating around $0.0000140 range amid ecosystem upgrades and increased token burns .

On-chain data shows long-term holder conviction remains strong, with average holding time exceeding 2.8 years .

3. Price Predictions

Short‑term forecast expects $SHIB to reach $0.000016 by Aug 5, implying nearly 24% upside in just days .

Broader forecasts show potential trading range between $0.0000152 and $0.0000181 in the coming weeks or months .

Despite $BNB SHIB’s rise in 2025 (+484% year-to-date), there are questions about whether current burn rates (up 16,000%) can sustain further 500% rallies .

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