The cryptocurrency market is undergoing changes in July following Q2 consolidation. Focus is on a potential resurgence of retail buying that could shift market dynamics.
SHIBA INU: Quiet Accumulation
Despite subdued price movement, SHIBA INU is seeing notable accumulation. In June, wallets holding SHIB for 1–12 months added nearly 30 trillion tokens, reflecting long-term conviction. This accumulation is now valued at over $2.2 billion, indicating belief in a breakout scenario. The project also continues its aggressive burn mechanism, with over 12 million SHIB removed from circulation in just 24 hours.
DOGE: Coiling Up for Volatility
DOGE remains one of the most liquid and community-driven coins in the market. Its current symmetrical triangle pattern points to a breakout probability nearing 50–60%. Should price breach resistance, analysts suggest a move toward $0.30 is possible. Additionally, wrapped DOGE is now available on Coinbase’s Base Layer-2, opening up access to new DeFi applications.
XRP and Solana: Strong Fundamentals
While SHIB and DOGE are loaded with high-velocity potential, XRP and Solana are anchored in institutional strength. XRP’s trajectory is still largely tied to ETF approvals and ongoing legal clarity. Though whale wallets are accumulating and confidence is building, price movement remains modest and reactive to regulatory news. Solana is flourishing with over $13 billion in stablecoins, yet short-term rallies may be limited by the asset’s mature positioning.
If retail buying returns in full force this July, SHIBA INU and DOGE could lead the rally. XRP and Solana are likely long-term winners, but their short-term upside may be limited by current valuation and regulatory dependence.
