Shiba Inu (SHIB) big dump touches key support, Whale buying the dip triggers rebound expectations | 2025 SHIB price prediction

On July 24, affected by the overall sentiment deterioration in the Crypto Assets market, Shiba Inu (SHIB) price continued to fall by 2%, reaching a low of $0.000013, with a 24-hour volume shrinking to $550 million. However, Technical Analysis shows that the SHIB price has found support at the 100-day moving average, and on-chain data indicates that Whales are Buy the Dips. The formation of key bullish patterns (cup and handle pattern and double bottom pattern) and the acceleration of token burning provide support level basis and rise target guidance for the long-term trend of SHIB coin price.

SHIB price follows market correction The cryptocurrency market is generally under pressure today, and the price of Shiba Inu is no exception. The SHIB price fell by 2%, hitting a low of $0.000013, with its 24-hour volume also declining to $550 million. This drop is part of the correction phase after SHIB retreated over 15% from its peak earlier this month, consistent with the pullback trend of other mainstream altcoins like Ethereum (ETH), Bitcoin (BTC), and Solana (SOL). The main reason for the pullback may be profit-taking, as the SHIB price has risen 60% from the low on June 22 to the high on July 21.

Key technical support level appears From a positive perspective, the price of Shiba Inu has found solid support at the key 100-day exponential moving average (EMA), which has historically provided effective support levels for SHIB prices. The stabilization of this key support level provides important reference for traders focusing on Crypto Assets investment opportunities.

Bullish Pattern Analysis: Cup and Handle Pattern and Double Bottom Pattern

• **Cup and Handle Pattern Formation: ** The price of SHIB has formed a common bullish continuation pattern—the Cup and Handle pattern. The upper edge of the cup is located at 0.000016 USD, while the lower edge (the bottom of the cup) is near the last month's low of 0.000010 USD, with a depth of about 36%. The current bearish trend is viewed as the formation process of the "handle" part of this pattern. According to pattern measurement rules, if it can successfully break through the neckline of the cup in the future, its theoretical minimum target rise could point to 0.00002185 USD, approximately 60% higher than the current level. This outlines a potential path for investors seeking a breakout point for SHIB.
• Double Bottom Pattern Target Clear: Meanwhile, Shiba Inu forms a double bottom pattern near $0.00001016, with its neckline at $0.00001765. This classic reversal pattern suggests that the price may eventually surge towards the psychological level of $0.000025, which coincides perfectly with this year's annual high set in January. The confirmation of the double bottom pattern strengthens the long-term bullish outlook for the SHIB Token.

Important Warning: Key Support Level It is important to be vigilant that if the SHIB price effectively falls below the important support level of $0.000012, its bullish outlook for 2025 will face the risk of failing. This support level is a key watershed for judging the short-term bullish-bearish transition of the SHIB coin price.

On-chain Signals: Whales Buy the Dips of SHIB Tokens Another key factor supporting the bullish expectation for Shiba Inu is the on-chain data showing that "whales" (addresses holding a large number of tokens) are currently buying the dips. Nansen data shows that whale addresses currently hold 108.19 billion SHIB, having increased by nearly 2% over the past seven days. Their holdings have steadily risen from 107 billion SHIB on July 17. The increase in whale holdings typically indicates that these large investors expect the price of SHIB to continue rising in the future. "Smart Money" investors are also in action, with their holdings increasing to over 6.17 billion in the past few days. Meanwhile, the supply of SHIB tokens on exchanges continues to decline, currently down to 27.7 trillion. The increase in whale holdings combined with the decrease in exchange supply suggests that SHIB tokens may be undergoing an accumulation phase.

Token burning acceleration provides additional support The price of Shiba Inu may also benefit from the continuously accelerating token burning mechanism. In the past 24 hours, the burning rate of SHIB has surged nearly 50%, reaching 5.57 million coins. The increase in the burning rate helps to reduce the circulating supply of SHIB tokens, which may provide support for the coin price in the long term.

Conclusion: Short-term pressure, long-term technicals and on-chain data remain bullish Despite the recent sharp decline in the price of Shiba Inu following mainstream cryptocurrencies like Ethereum, its solid technical foundation (including the cup and handle pattern being formed and the confirmed double bottom pattern) and the on-chain signals of continuous buying by Whales indicate the potential for further rise in SHIB's price in the long term. The key support level of $0.000012 will be an important observation point for judging the strength of short-term trends, while a successful breakout of the pattern's neckline is expected to open the door to target levels of $0.00002185 and even $0.000025. For participants who are interested in the dynamics of the Crypto Assets market and investment opportunities in Meme coins, the subsequent performance of SHIB is worth close attention.