Shiba Inu (SHIB) is showing signs of recovery at the start of July after falling 24% in June. On the 4-hour chart, the 23-period moving average crossed above the 50-period moving average, creating what traders call a mini golden cross near $0.000004346. In technical analysis, that setup is often read as a sign of improving short-term buying interest, though it does not confirm direction on its own.
4-hour setup pushes SHIB toward a nearby resistance band
The crossover has put the token back on track to test a local resistance area. The nearest upside zone sits between $0.00000470 and $0.00000480, where the 200-period moving average stands as the main technical barrier. According to the source material, SHIB has been moving toward that band after the mini golden cross appeared.
The short-term bullish case depends on price holding above $0.000004346. If that level remains intact and SHIB breaks through the 200-period moving average, the chart leaves room for roughly 9% upside toward $0.00000475. If selling pressure returns at the 200-period average, the setup would weaken, and price could revisit the June lows by testing psychological support near $0.00000400.
July has often been a recovery month for SHIB
Data from CryptoRank shows that July has frequently acted as a rebound month for SHIB, especially after spring and early summer sell-offs. That pattern is appearing again in the current move. As of July 3, SHIB was up 3.56% on a daily basis, bringing it closer to its historical median July return of 6.24%.
Past July closes offer additional context. Available data shows SHIB rose 13.4% in July 2022, 11.8% in July 2023, and 8.92% in July 2025. This year’s chart points to a possible gain of about 9%, a figure that broadly matches those historical July patterns.
The 200-period moving average is now the key level
In the next few sessions, the main question is whether SHIB can consistently stay above the 200-period moving average. The token is trying to preserve its local rebound and reverse a broader downtrend. At the same time, price is moving into a strong resistance zone, which could make trading more volatile over the coming sessions.