TLDR
- Shiba Inu is approaching a key support level of $0.00001150, which has led to past rebounds.
- The token has historically bounced back from this level, including in March, April, and June of this year.
- Shiba Inu’s exchange reserves have dropped to a two-year low, suggesting reduced selling pressure.
- A rebound from the $0.00001150 support could spark renewed bullish momentum for SHIB.
- Shiba Inu has shown strong performance in October in previous years, adding to positive expectations for the token.
Shiba Inu (SHIB) is nearing a crucial price level, sparking investor attention. The canine-themed token is approaching $0.00001150, a key support zone. This level has historically led to significant price rebounds. Many are now questioning whether history will repeat itself.
Shiba Inu’s Testing Support Zone
Shiba Inu’s price has recently reached $0.00001170, reflecting a minor increase. The cryptocurrency has historically found support at $0.00001150, prompting buying pressure. As SHIB approaches this critical level again, the market waits to see if this trend will continue.
$SHIB is approaching a massive level of resistance right now! pic.twitter.com/S5fxXYItZc
— Coinvo (@ByCoinvo) September 30, 2025
In March, SHIB tested this support zone and quickly rebounded to $0.000014. The same pattern occurred in April, with SHIB bouncing back to $0.00001550. Even amid the market volatility in June, Shiba Inu successfully recovered from this level and rose to $0.00001570 in July.
Many analysts are watching closely for signs of a similar recovery. A bounce from $0.00001150 could set the stage for more bullish momentum. This trend has proven effective in the past, adding to the anticipation surrounding Shiba Inu’s next move.
Exchange Reserves Suggest Reduced Selling Pressure
Reports indicate that Shiba Inu’s exchange reserves have decreased significantly. The supply of SHIB on exchanges has fallen to a two-year low of 84.49 trillion tokens. As of now, this number has dropped further to 84.34 trillion, signaling reduced selling pressure.
UPTOBER IS COMING 🚀#Altseason pic.twitter.com/R7jV6zOB7q
— Shib Spain (@ShibSpain) September 28, 2025
The decrease in reserves suggests that fewer SHIB tokens are available for immediate sale. This could potentially lower the risk of Shiba Inu breaking below its key support level. As a result, investor concerns about further price declines have eased.
This trend has contributed to a more optimistic outlook for Shiba Inu. Analysts believe that the reduced selling pressure may support a potential rebound. With fewer tokens circulating on exchanges, Shiba Inu could remain stable or even rise in value.
October has historically been a strong month for Shiba Inu. The token saw impressive gains in October 2021, 2022, 2023, and 2024. In fact, SHIB recorded an 833% gain in October 2021 alone.
