{"id":36432,"date":"2025-07-11T15:18:26","date_gmt":"2025-07-11T15:18:26","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36432"},"modified":"2025-07-11T15:18:26","modified_gmt":"2025-07-11T15:18:26","slug":"shiba-inus-18-monthly-price-gain-signals-potential-double-bottom-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36432","title":{"rendered":"Shiba Inu&#8217;s 18% Monthly Price Gain Signals Potential Double Bottom Rally"},"content":{"rendered":"<div>\n<p>Shiba Inu&#8217;s (SHIB) month-to-date price rally seems to be setting the stage for a double bottom pattern, a major bullish setup.<\/p>\n<p>The joke cryptocurrency has risen 18% this month, its best performance since November, with prices gaining over 7% in the past 24 hours alone, according to CoinDesk data. The rally is consistent with the increased risk-taking in the crypto market triggered by bitcoin&#8217;s rally to lifetime highs above $118,000.<\/p>\n<p>The upswing is characterized by robust trading volumes and and an increase in token burn, which took out a major chunk of supply out of circulation, according to CoinDesk&#8217;s AI research.<\/p>\n<h2>Key AI insights<\/h2>\n<ul>\n<li>SHIB surged 7% during the preceding 24-hour period from July 10, 12:00 to July 11, 11:00, ascending from $0.000012476 to $0.000013399 on exceptional volume of 1.904 trillion tokens.<\/li>\n<li>Acute reversal materialized during the final 60 minutes from July 11, 10:26 to 11:25, with SHIB declining 1% to settle at $0.000013385 as liquidation pressure manifested.<\/li>\n<li>Token burn mechanisms accelerated with over 9.5 million SHIB tokens permanently withdrawn from circulation during the recent 24-hour period, though price impact remained subdued.<\/li>\n<\/ul>\n<h2>Key levels<\/h2>\n<ul>\n<li>Resistance breakthrough at $0.000013110 occurred on an exceptionally elevated volume of 1.904 trillion tokens.<\/li>\n<li>Volume-supported resistance level established, approaching twice the 24-hour average trading activity.<\/li>\n<li>A conventional support zone formed around $0.000013230, with resistance positioned at $0.000013580.<\/li>\n<li>Sustained upward momentum suggests potential continuation towards $0.000014000 psychological level.<\/li>\n<\/ul>\n<h2>Double bottom bull reversal?<\/h2>\n<p>SHIB&#8217;s double-digit month-to-date gain follows a successful defence of the April low at around $0.00001005, hinting at the formation of a double bottom pattern on the daily chart.<\/p>\n<p>The pattern comprises two nearly equal troughs separated by a recovery. A price rise through the trendline connecting the high point of the recovery is said to confirm the breakout and a bullish trend reversal.<\/p>\n<p>In SHIB&#8217;s case, the so-called double bottom resistance is marked by the May high of $0.00001764. A move through that level would signal a major bull run.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/7ccf1a38561f45d9544975ad6b170b9ae4bf1a5a-2098x1354.png?auto=format\" alt=\"SHIB's daily chart. (TradingView)\" title=\"SHIB's daily chart. (TradingView)\"><\/p>\n<p><em><strong>Disclaimer<\/strong>: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu&#8217;s (SHIB) month-to-date price rally seems to be setting the stage for a double bottom pattern, a major bullish setup. The joke cryptocurrency has risen 18% this month, its best performance since November, with prices gaining over 7% in the past 24 hours alone, according to CoinDesk data. The rally is consistent with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36432","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36432"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36432\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}