Popular meme coin Shiba Inu (SHIB) is showing the first signs of recovery after a prolonged nosedive that erased 24% of its value in June. On the 4-hour chart, the token formed a bullish technical pattern known as a “Mini Golden Cross,” as the fast 23-period moving average crossed above the slower 50-period moving average near the $0.000004346 level.
This impulse opens the way for the asset toward local resistance with 9% upside potential. The nearest target is the $0.00000470–$0.00000480 price range, where the long-term 200-period moving average is applying pressure. The current rebound is supported by historical cycles from CryptoRank, which indicate that July has traditionally been a comeback month for SHIB. As of July 3, the coin had already gained 3.56%, moving toward the month's historical median return of 6.24%.
Past-year statistics reinforce the seasonal pattern: in 2022 the token rose by 13.4%, in 2023 by 11.8%, and in 2025 by 8.92%. The bullish scenario depends on SHIB holding above $0.000004346, breaking through the MA 200, and advancing toward the historical 9% target near $0.00000475. Conversely, if the price fails at resistance and the pattern breaks down, the asset could return to June lows, testing psychological support at $0.00000400. The next few trading sessions will determine whether Shiba Inu can lock in this local success and reverse the prolonged bearish trend.
