Will Shiba Inu Skyrocket? Whale Accumulation and Team Commitment May Be the Key Drivers

Jakarta, Pintu News – The price of Shiba Inu (SHIB) has experienced a sharp decline in recent months, from a high of $0.00001765 in May to $0.00001200 currently.

However, this rally may be coming to an end as massive whale buying has added over 62 billion tokens, reduced supply on exchanges, and the team’s commitment to continue to show progress in the development of Shibarium.

Shiba Inu Price Chart Analysis Indicates a Potential Rebound

According to Coingape, the daily chart shows that the price of Shiba Inu (SHIB) has been under pressure in recent months. This pressure intensified last month after an exploit in ShibaSwap, Shiba Inu’s layer-2 network.

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Currently, the price of SHIB is seen dropping to the lower side of the symmetrical triangle pattern. On closer inspection, this triangle is nearing the confluence point, which is usually the area for a rebound.

The Relative Strength Index (RSI) indicator has also started to move up, signaling a potential trend reversal.

Given this, the most likely scenario is for a rebound in SHIB prices in October-a month that has historically been quite positive for Bitcoin and other altcoins. If this scenario occurs, the initial target to watch would be $0.00001480, which was the highest level on September 12 this year.

If the price manages to break through this resistance level, the upside opportunity could continue to the next resistance level at $0.00001765, which was the price peak in May, or about 45% higher than the current level.

However, this bullish prediction will be canceled if the price breaks below the triangle pattern at $0.00001150. If that happens, the price has the potential to weaken further to the lowest level of the year at $0.000010.

Whales Buy SHIB Amid Declining Supply on Exchanges

One of the reasons why the price of Shiba Inu (SHIB) could potentially rebound in the near future is the massive buying activity from whales in recent weeks. This accumulation action started after whale ownership had plummeted to its lowest point in the past few months.

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Currently, whales hold over 101.01 billion SHIB tokens, a drastic increase from the September lows of 38.4 billion tokens. That’s an additional 62 billion tokens, reflecting the optimistic attitude of large investors towards SHIB’s prospects.

In addition, on-chain data shows that the number of SHIB tokens on the exchange has decreased sharply in recent months. There are now only about 282 trillion tokens left on the exchange, the lowest level in months.

This figure is down from nearly 300 trillion in July, signaling that investors tend to hold their tokens instead of selling despite the price weakness.

Another potential catalyst is the development team’s promise to revive Shibarium after an exploit weakened the network.

In a recent statement, Lucie, one of Shiba Inu’s core developers, said that yesterday’s hack exposed a weak point in the network that is now being fixed. She also added that although the network’s activity has decreased, there is a great chance of a comeback.

According to him, Shibarium is not finished, but is evolving and will emerge bigger than before the hack.

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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 to Surge as Whales Buy and Team Commits to Shibarium Growth. Accessed on October 2, 2025