Shiba Inu (SHIB) has demonstrated significant bullish momentum with a 32% price surge in July, breaking through key resistance levels. The rally is attributed to heightened trading activity, expanding market capitalization, and ecosystem developments including AI initiatives.
SHIB’s price climbed from $0.00001275 to $0.00001579 over a decisive four-day period, accompanied by a 30.31% surge in trading volume reaching $693.49 million.
The token’s market capitalization is now approaching $9 billion – marking its strongest monthly performance since February. Market analysts highlight critical resistance between $0.000015 and $0.000019, noting that sustained momentum above this zone could propel further upside.
Holder distribution patterns suggest a potential 60% price rally to $0.000024 if SHIB breaches the $0.000019-$0.000024 range. Immediate support levels are established between $0.000014 and $0.000015, which may influence short-term price direction.