Here’s Why Analysts Are Predicting A Massive Shiba Inu Price Rally In October

Shiba Inu is back in focus as October begins, with the crypto now trading above $0.000012 after weeks of sideways movement below this price ￰0￱ the sideways price action, on-chain data is pointing to a change in metrics that could soon translate into a ￰1￱ analyst Zayn shared fresh on-chain data of Shiba Inu custody on social media platform X, pointing out that the meme coin may be setting up for what traders have nicknamed ￰2￱ Reserves Hit Lowest Level Since 2023 According to data from on-chain analytics platform CryptoQuant, Shiba Inu exchange reserves have fallen to 84.55 trillion tokens, valued at about $998 million based on the current price of ￰3￱ is important because this is the lowest amount of SHIB held on crypto exchanges since 2023, right before the crypto market started to transition out of a bear ￰4￱ Reading: Why Shiba Inu Price Could Explode 100% With This Descending Pattern On The 2D Chart Interestingly, CryptoQuant’s data shows that Shiba Inu’s exchange reserves have been locked in a consistent downtrend throughout much of 2025, with large outflows steadily draining tokens from exchange ￰5￱ trend briefly reversed in September when SHIB’s price attempted a breakout above $0.0000146 but was ￰6￱ rejection triggered a temporary spike in reserves, likely as short-term investors moved their holdings back onto exchanges to sell into the rally.

However, CryptoQuant data shows that the exchange reserve has resumed its outflows in the past few days, which shows that a massive amount of tokens are leaving exchanges and moving into self-custody or ￰7￱ Does This Matter? The decline in Shiba Inu’s exchange reserves carries weight because it directly impacts the balance between supply and demand. A shrinking supply of tokens on exchanges often translates to reduced selling pressure, since fewer holders are in a position to offload their tokens ￰8￱ Reading: Can Meme Coins Like Dogecoin And Shiba Inu Still Rally? What To Expect At the same time, history has shown that significant drops in exchange reserves often precede phases of strong ￰9￱ accumulation waves have acted as a foundation for rallies, and this gives a reason to believe that the current trend could once again set the stage for a meaningful price ￰10￱ noted that SHIB is currently trading just below a descending resistance trendline with lower highs and higher lows since May ￰11￱ bullish outlook right now is a break above this resistance of higher lows.

SHIB’s track record in October provides an additional layer of confidence for its price ￰12￱ its launch, Shiba Inu has never recorded a red ￰13￱ during the 2022 bear market, SHIB managed to close the month in ￰14￱ consistent performance, combined with the current depletion of Shiba Inu exchange reserves, is why analysts are increasingly convinced that SHIB could be on the verge of a significant ￰15￱ the trend repeats, October 2025 may add another chapter to Shiba Inu’s history of Uptober ￰16￱ the time of writing, Shiba Inu is trading at $0.00001261, up by 2.4% in the past 24 ￰17￱ image from Getty Images, chart from ￰18￱