SHIB Poised for Potential Rebound: Key Indicators to Watch

Shiba Inu (SHIB) is showing promising signs of a potential rebound despite the recent market downturn. As of July 2, 2025, SHIB's price hovers at $0.00001130, just above its year-to-date low of $0.00001035. Analysts have identified four key factors that could signal a turnaround for the meme-inspired cryptocurrency. Notably, a double-bottom pattern has emerged on SHIB's daily chart, with a neckline at $0.00001755. For this bullish structure to remain valid, SHIB must maintain support above $0.00001035. A successful breakout above the neckline could pave the way for further gains, while a drop below support levels may indicate continued bearish pressure. This technical formation, combined with other market factors, suggests SHIB might be gearing up for a significant price movement in the near future.

Shiba Inu Shows Signs of Potential Rebound Amid Market Downturn

Shiba Inu's price has mirrored the broader altcoin market decline, trading at $0.00001130 on July 2, just above its year-to-date low of $0.00001035. Four factors suggest a possible turnaround.

A double-bottom pattern has formed on SHIB's daily chart, with a neckline at $0.00001755. The token must hold above $0.00001035 to maintain this bullish structure. A breakout above the neckline could signal further gains, while a drop below support WOULD invalidate the pattern.

Exchange data reveals shrinking SHIB supplies on platforms, with holdings falling to 140.38 trillion tokens from a 30-day high of 141 trillion. Whale wallets have maintained steady positions at approximately 709 trillion SHIB, indicating accumulation rather than distribution.

Shiba Inu Metaverse Upgrade Fuels SHIB Reversal Hopes Amid Market Shift

Shiba Inu's metaverse project, SHIB: The Metaverse, has undergone a significant performance upgrade aimed at enhancing speed, stability, and reducing crashes. The patch focuses on key hubs—Bark Park, Tech Trench, and SHIB Station—delivering faster load times, smoother gameplay, and optimized GPU memory usage by up to 25%. These improvements target mid-range devices, broadening accessibility.

Technical optimizations include smarter high-res texture loading and reduced stutters, addressing long-standing user pain points. The development team's announcement on X (formerly Twitter) emphasized tangible results: "Lag? Gone. Crashes? Fixed. Your GPU? Finally at peace."

Market analysts note a bullish double-bottom pattern forming for SHIB as it lingers NEAR year-to-date lows, sparking speculation of an impending reversal. This upgrade marks a strategic step toward fulfilling Shiba Inu's metaverse ambitions, combining technical execution with growing ecosystem credibility.

SHIB Metaverse Performance Upgrade Enhances User Experience

Shib: The Metaverse has undergone a significant optimization, reducing GPU memory usage by 15–25% through the refinement of over 200 texture assets. Key zones such as Shib Station, Bark Park, and Tech Trench now deliver smoother gameplay, particularly benefiting low- to mid-end devices.

The upgrade, announced via Shibarium and Shib: The Metaverse's official X accounts, aligns with the broader Shibarium network's focus on user experience. Technical improvements include rescaling textures, eliminating redundant maps, and employing mip streaming to enhance performance without increasing system demands.

This update marks a strategic step in the shiba inu ecosystem's evolution, prioritizing accessibility and immersion as it competes in the crowded metaverse landscape.

Shiba Inu Community Burns Over 1.3B SHIB in a Week, Yet Price Fails to Surge

The Shiba Inu community has intensified its token-burning efforts, eliminating more than 1.3 billion SHIB tokens in the past seven days. Despite a 4,000% spike in daily burn rates—fueled by a surprise whale transaction—the price of SHIB dipped 3.4%, defying expectations of a rally.

Weekly burn activity showed a modest 2.10% increase, with 13.1 million SHIB sent to a dead wallet on July 3 alone. Over 410 trillion SHIB have now been permanently removed from circulation, a strategic MOVE to enhance scarcity and potential long-term value.

Market observers remain puzzled by the disconnect between aggressive supply reduction and price performance. The community's relentless burn campaign continues, but its immediate impact on market dynamics appears muted.