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As July 2025 comes to an end, Shiba Inu (SHIB) is still experiencing notable volatility in its price performance. The token has recently experienced a pullback, and its price stands at $0.00001298 as of this writing, moving up 13.32% this month.
According to CoinMarketCap data, the price of SHIB dropped to a low of $0.000009679 at the start of the month but has since surged to over $0.000016 before dipping once again. This spike, observed on July 20, coincided with heightened trading activity and bullish sentiment in the wider meme coin market.
Market participants witnessed SHIB break through several resistance levels, only to encounter strong selling pressure at $0.000016. Following the peak, Shiba Inu entered a consolidation phase, with a price action that was specifically going down towards $0.000012. This correction partially wiped out the earlier monthly gains but did not break the overall positive performance for the month.
According to market data, SHIB’s 24-hour trading volume currently sits at $221.66 million, reflecting a 7.13% decrease. Market Cap is also quite close to the fully diluted valuation at $7.64 billion, slightly below $7.65 billion, indicating limited dilution risk. The SHIB volume-to-market cap ratio stands at around 2.92%, which means an adequate level of activity without high volatility in the past.
However, recent efforts to pump the price via violent token burn have netted 600 million SHIB burned in one session. This was a 16,710% increase in destruction rate, but the lack of price response was unenthusiastic.
Over the past 24 hours, the price of the memecoin fluctuated between $0.000013107 and $0.000012809, indicating weak buying pressure. Nevertheless, even with these burn incidents, many investors seem to be more focused on utility-based crypto projects. SHIB also faces strong competition from tokens like BONK.
The trading range for SHIB has persistently remained limited. On July 30, upward movements were capped by resistance created at around $0.00001318. At the same time, the support at $0.00001266 along with notable trading volumes helped maintain this value. According to analysts, whale activity and ecosystem news are tame, leading to sideways sentiment and a lower likelihood of a breakout.
Analyzing the future, there are several significant support and resistance levels in the price of Shiba to focus on. The resistance levels are set at $0.0000145 and $0.0000160, with the area of $0.0000120 being a vital support level. A breakout above resistance would induce continued bullishness. Nevertheless, a further decline below $0.0000113 could mark a more profound correction down to $0.0000100.
August starts on a cautious note regarding the overall picture of SHIB. Whale flows, token burns, and ecosystem developments will interest investors. With the lack of robust catalysts, analysts should anticipate additional wholesomeness or potential retests of the lower lines as the market mood changes in favor of utility-driven assets.
Also Read: Shiba Inu Sky-High Target If Crypto Market Soars to $30 Trillion
