Technical analysis by BeInCrypto about Symbol SHIB on 7/30/2025

At the time of writing, SHIBUSDT is trading at $0.00001297 , having lost 16% over the past week. The meme coin has wiped out more than half of the gains it saw in July. This decline places SHIB in a vulnerable position, with the potential to continue its downward trajectory. The relative strength index (RSI) has also seen a significant shift, slipping into the bearish zone below the neutral mark of 50.0. This suggests that bearish momentum is building and could continue to strengthen, driving SHIBUSDT price lower . Given the current market sentiment, it’s likely that SHIBUSDT will experience further declines in August . The altcoin could test the support level at $0.00001252, pushing its price even lower. If this support fails to hold, a more significant drop could occur, leading to further challenges for Shiba Inu . However, if investor demand suddenly spikes, there could be a chance for SHIBUSDT to recover . A price push towards $0.00001435 would be a significant milestone for the meme coin. If SHIB manages to break this resistance level, it could potentially rewrite its history by posting gains in August . -------- Aaryamann Shrivastava (On-Chain Analyst) LinkedIn - aaryamann-shrivastava Twitter - @Aaryamann_KS