Technical analysis by aaryamann_shrivastava_bic about Symbol SHIB on 7/24/2025

SHIBUSDT price is currently trading at $0.00001353, down 11.5% over the past 24 hours . The altcoin is holding above the support level of $0.00001368. The large holders' netflow for SHIBUSDT has recently spiked, reaching a two-month high. In the last 24 hours, 4.66 trillion SHIB were accumulated by addresses holding at least 0.1% of the circulating supply. These whales, who have collectively invested $63.7 million , are betting on a price rebound. A successful bounce off $0.00001317 would likely pave the way for further price appreciation, potentially pushing SHIBUSDT to $0.00001553 . Securing this level as support could mark a recovery of today’s losses and initiate a new uptrend, provided the broader market conditions remain favorable. On the other hand, if SHIBUSDT falls below the support of $0.00001317 due to profit-taking, the meme coin could slip to $0.00001188 . This would invalidate the bullish thesis and further reduce investor confidence. The next few days will be crucial in determining if SHIB can maintain its current support levels .