Is Shiba Inu Price About to Skyrocket? Exchange Reserves Plunge Amid SHIB ETF Launch Rumors

Jakarta, Pintu News – Shiba Inu (SHIB) prices have plummeted in recent days, dropping from this month’s high of $0.00001475 to lows of $0.00001300.

Based on technical analysis, the growing rumors of a spot SHIB ETF, as well as the declining supply of the coin on exchanges, suggest that it may soon rebound.

Technical Analysis of Shiba Inu Price Shows Signal of Rebound to Happen

On the daily time frame chart (17/9), it can be seen that Shiba Inu prices have declined this week as investors await the interest rate decision from the Federal Reserve.

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However, this decline seems to be coming to an end as the coin is slowly forming a symmetrical triangle pattern. The top of this pattern connects the highs that occurred in May, July, and September.

Meanwhile, the bottom of this triangle pattern connects the lows in April, June, and September. These two lines are now approaching a meeting point, which could trigger a major move in either direction.

The direction of this movement will depend on fundamental factors, and as explained further, there are some positive signals that point to a potential rebound.

If the SHIB price rebound is strong, the price could go up to $0.00001760 – the highest level in May this year – which would mean an increase of about 35% from the current position.

Conversely, if the price breaks below the lower line of the triangle, then the long-term projection of SHIB prices will be invalidated and open up the potential for further declines, possibly down to the support level at $0.00001013, which is the lowest level recorded in April this year.

SHIB ETF, Declining Balance on Exchanges, and Buyouts from Smart Investors

The main driver that could potentially send Shiba Inu (SHIB) prices soaring is the possibility of a sharp increase when the Fed cuts interest rates on Thursday. This rate cut is likely to trigger risk-on sentiment among investors, which could push the crypto market up in the short term.

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In addition, seasonal factors also favor price gains as the crypto market tends to perform well in the fourth quarter of each year. Since 2013, the average Bitcoin return in the fourth quarter has been over 80%.

Meanwhile, investors’ attention is currently on the soon-to-be-traded Dogecoin ETF, and there is speculation that one or more companies will apply for an ETF for SHIB. In fact, some companies have already applied for ETFs for smaller meme coins such as Pudgy Penguins, Floki and Bonk.

In a recent statement on the X platform, Shibarium revealed that there is a compelling reason to bring the SHIB ETF as the ecosystem has now expanded beyond just meme coins.

In addition to its main coin, Shiba Inu also launched Shibarium, a layer-2 network that competes with other popular platforms such as Base and Arbitrum (ARB).

On-chain data shows that the balance of SHIBs on the exchange has dropped sharply to 283 trillion, from 290 trillion in August. Meanwhile, investors labeled as “smart money” have increased their holdings to 11.7 billion SHIBs. This is an indication that these smart investors expect SHIB prices to rebound soon.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter. Accessed on September 18, 2025