Quick Summary
- Shiba Inu (SHIB) shows a price increase influenced by speculation around crypto ETFs potentially including SHIB, alongside signs of significant whale accumulation.
- Despite this, activity on the Shibarium network has seen a dramatic drop of 82%, impacting the token’s utility and burn rate.
- A critical support level at $0.0000095 will be key in determining SHIB’s short-term price trajectory.
The price of Shiba Inu has seen a resurgence, partly due to renewed institutional interest stemming from speculation surrounding cryptocurrency Exchange Traded Funds (ETFs) that may include SHIB. However, the long-term outlook for the token remains a mixed bag.
SHIB experienced a 3% increase recently, outperforming the broader crypto market’s 2.03% gain. This movement appears to be a reaction to T. Rowe Price’s filing for a new $1.6 trillion Active Crypto ETF, which officially lists Shiba Inu as a potential asset. This development has injected a dose of optimism into the market for the popular memecoin.
Despite the short-term price uptick, the overall trend for memecoins still shows signs of underlying weakness. On-chain metrics reveal a decline in network activity, and persistent security concerns continue to temper expectations for a sustained recovery for Shiba Inu.
Shiba Inu Price Analysis and Market Indicators
Below the surface, crucial metrics related to supply and liquidity suggest a more cautious outlook for SHIB.
Exchange reserves have dropped significantly, with an 84.55 trillion token decrease observed between September 2024 and September 2025. Such a substantial reduction in available supply can often lead to short-term price spikes as sell pressure diminishes.
However, these withdrawals also introduce increased volatility. If large holders, often referred to as whales, decide to sell these redeployed balances into the market, it could amplify price swings rather than support a steady upward trend.
Technical indicators are presenting a mixed picture for Shiba Inu.
SHIB has found support near the 61.8% Fibonacci retracement level and has shown a bounce from a crucial area between $0.0000095 and $0.0000098. The Relative Strength Index (RSI) is hovering near 30, and the Moving Average Convergence Divergence (MACD) histogram has recently turned positive, suggesting potential buying momentum.
Short-term price predictions indicate that SHIB could reach $0.00001078 and potentially higher if buyers can overcome immediate resistance found at the 7-day and 30-day Simple Moving Averages (SMAs).
Conversely, significant resistance remains a hurdle. The 200-day and 30-day moving averages present formidable barriers that could impede any further rallies for the token.
On-Chain Fundamentals and Network Activity
Underlying the price action, fundamental on-chain data and development metrics cast doubt on the sustainability of a strong rally for Shiba Inu.
Activity on Shibarium, the Layer-2 network for Shiba Inu, has plummeted. In October, there was a reported 82% decrease in daily transactions, which directly undermines the token’s burn mechanisms and reduces utility-driven demand for SHIB.
The impact on token burns is stark, with burn totals collapsing from tens of millions earlier in the week to just 2.57 million SHIB on October 31. This drastic reduction in burned tokens limits deflationary pressure.
Combined with declining whale holdings and low open interest in derivative markets, this weakening fundamental picture makes a sustained rally, fueled solely by ETF speculation, less certain. It also increases the possibility that SHIB could indeed slide and lose another decimal place if broader market conditions deteriorate.
Adding to the general uncertainty is a recent security incident. Multiple signer keys associated with ShibaSwap, a decentralized exchange within the Shiba Inu ecosystem, appear to have been compromised, with estimated losses nearing $2.8 million. The community’s response and any forthcoming audits will be critical, as governance and custody issues can quickly erode institutional interest, even amidst positive ETF developments.
Key Shiba Inu Price Levels to Monitor
Short-term traders should closely watch whether SHIB can maintain its position above the $0.0000095 support level. Reclaiming the $0.0000102–$0.0000109 zone with increased trading volume will be a crucial indicator of renewed buying interest.
For longer-term investors, monitoring the progress of crypto ETF approvals, the health of on-chain activity, and the resolution of governance and security issues will be paramount. These factors will determine if Shiba Inu can transcend its memecoin status and attract substantial institutional investment.
Expert Summary
Shiba Inu is experiencing a price boost driven by ETF potential and whale activity, but faces significant headwinds from declining Shibarium usage and security concerns. Key support at $0.0000095 is vital for short-term stability.