Analysts predict a surge in Shiba Inu prices in October, here’s why!

Jakarta, Pintu News – Shiba Inu is back in the limelight as we enter October, with the crypto now trading above $0.000012 after several weeks of flattening out below that price level. Despite the flat price action, on-chain data shows a change in metrics that could soon turn into a surge.

Crypto analyst Zayn recently shared Shiba Inu storage-related on-chain data on social media platform X, suggesting that the meme coin may be gearing up for what traders are calling Uptober.

Exchange reserves hit lowest level since 2023

According to data from on-chain analytics platform CryptoQuant, Shiba Inu reserves on exchanges have dropped to 84.55 trillion tokens, with a value of approximately $998 million based on the current price of Shiba Inu (SHIB). This drop is notable because it is the lowest amount of SHIB held on a crypto exchange since 2023, just before the crypto market began to exit the bear market.

A decrease in Shiba Inu reserves on exchanges is very influential as it directly affects the balance between supply and demand. A reduced supply of tokens on exchanges often means reduced selling pressure, as fewer holders are in a position to sell their tokens quickly.

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Why is this important?

History has shown that significant declines in stock exchange reserves often precede strong accumulation phases. These waves of accumulation have acted as the basis for rallies, and this gives reason to believe that the current trend could once again set the stage for a significant price breakthrough.

Zayn noted that SHIB is currently trading just below a descending resistance trendline with lower tops and higher bottoms since May 2025. The current bullish outlook is a break above the resistance of this higher base.

SHIB Record in October

SHIB’s track record in October provides an additional layer of confidence for the coin’s price outlook. Since its launch, Shiba Inu has never recorded a red October. Even during the bear market in 2022, SHIB managed to close the month with a profit.

This consistent performance, combined with the decline in Shiba Inu reserves on the exchanges, is the reason why analysts are increasingly convinced that SHIB could be on the verge of a significant rally. If this trend repeats, October 2025 might add another chapter in the history of Shiba Inu’s Uptober rally.

Great Potential of Shiba Inu in October

Currently, Shiba Inu is trading at $0.00001261, up 2.4% in the last 24 hours. With all these indicators, this October is expected to be a promising month for Shiba Inu holders. With declining reserves on exchanges and a favorable October track record, the potential for a price surge seems stronger than ever.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Shiba Inu Price Rally in October. Accessed on October 3, 2025