TLDR
- Shiba Inu’s exchange reserves have dropped to 283 trillion, indicating a supply shortage.
- Shiba Inu has gained attention as a potential ETF, driving investor interest.
- SHIB’s technical chart shows a symmetrical triangle pattern, signaling a potential breakout.
- Smart money investors have continued to accumulate SHIB, fueling optimism for a price rise.
Shiba Inu (SHIB) has been facing a price dip recently, but there are signs of a potential rebound. With the chatter around a possible SHIB exchange-traded fund (ETF) gaining momentum, and exchange reserves falling, many believe that a price surge could be imminent. As Shiba Inu continues to evolve beyond its meme coin status, both retail and smart money investors are closely monitoring these developments.
Declining SHIB Reserves Point to Supply Shortage
The recent drop in Shiba Inu’s exchange reserves has raised interest among investors. As of mid-September, the balance of SHIB on exchanges had decreased to 283 trillion, down from 290 trillion in August.
This shift indicates that fewer coins are available for sale, which often signals a tightening supply. Historically, when the supply on exchanges falls, prices tend to rise as demand outpaces available supply.
This decrease in reserves may suggest that investors are becoming more confident in holding SHIB for the long term, particularly with the potential for a spot SHIB ETF. Smart money investors have been adding to their SHIB holdings this year, further reinforcing the idea that a price surge could be in the works. The decline in exchange balances could set the stage for a significant rebound if market conditions align.
Potential SHIB ETF Could Catalyze a Price Surge
The growing buzz surrounding a potential Shiba Inu ETF is another factor that could propel SHIB’s price upward. As the crypto space sees increased interest in meme coin-related exchange-traded funds, there’s speculation that a SHIB ETF may soon be introduced.
Some believe that this could provide an additional platform for institutional investors, further legitimizing SHIB as a serious asset in the crypto world.
Shiba Inu’s ecosystem has expanded in recent months with the launch of Shibarium, a layer-2 network designed to compete with well-established names like Arbitrum.
Shiba Inu’s development beyond its meme coin status has been a crucial factor in increasing its appeal to a broader investor base. Shiba Inu’s community continues to push for more utility, and the idea of a SHIB ETF could strengthen its case as a mainstream investment asset.
Technical Analysis Signals Possible Price Rebound
The technical analysis of Shiba Inu’s price movement also suggests that a rebound may be near. After a brief decline from a high of $0.00001475 earlier this month to a low of $0.00001300, SHIB is now forming a symmetrical triangle pattern.
This pattern typically precedes a breakout in either direction. If SHIB’s price breaks upward, it could target a high of $0.00001760, which is a 35% increase from the current level and represents the highest level seen in May 2025.
However, if the price breaks below the lower side of the triangle, it could invalidate the bullish outlook. In such a scenario, SHIB may revisit lower support levels, possibly as low as $0.00001013, which was the lowest price in April 2025.
Therefore, much of the near-term movement for SHIB will depend on upcoming market events, including potential interest rate decisions and broader crypto market trends.
Shiba Inu’s price outlook remains uncertain, but the combination of declining exchange reserves, rising investor interest, and ongoing discussions around a SHIB ETF points to a potential rebound. If the market conditions align, SHIB could see significant gains in the near future
