Shiba Inu's July Price Tradition in Jeopardy with Just 12 Days Left

Shiba Inu's 'July tradition' is at risk of being broken for the first time in four years, as investors scramble to save its price stability. According to data from CryptoRank, Shiba Inu's median return in July stands at at least 3.88%, making it one of the best-performing months for the token.

However, this year has been different, with Shiba Inu losing 29.5% in Q2 2026 and currently trading near $0.0000041 outside the top 30 largest cryptocurrencies by market capitalization. The token is also facing a decline of 1.29% as of writing.

Within the community, there's a battle unfolding between 'burning' tokens - with 110 million destroyed in early July - and supply, which remains high at approximately 589 trillion $SHIB. Large players have sent more than 1 trillion tokens to exchanges in recent weeks, putting pressure on the price.

The token still has a chance to recover and close the month in positive territory, with the RSI falling to around 39, signaling oversold conditions that previously led to local rallies in February and April. Buyers have exactly 12 days to save $SHIB's 'July tradition', which requires holding the support level at $0.00000412 and breaking through resistance at $0.0000045.