- Shiba Inu price rises amid ETF speculation and signs of whale accumulation.
- However, Shibarium activity has plunged 82%, weakening token utility and burns.
- Key support at $0.0000095 could determine SHIB’s short-term direction.
Shiba Inu’s price has rebounded following renewed institutional interest driven by crypto ETF speculation, though longer-term prospects remain mixed.
The SHIB token is up about 3% today, outperforming the broader crypto market’s 2.03% gain, as traders reacted to T. Rowe Price’s proposed Active Crypto ETF filing – a development that formally lists Shiba Inu as a potential holding. This announcement has helped fuel short-term buying interest in SHIB.
Despite this uptick, the wider memecoin landscape continues to show stress: on-chain weakness, falling network activity and ongoing security concerns have dampened optimism for a sustained recovery.
Under the surface, supply and liquidity metrics paint a more cautious picture.
Reserve balances have also declined sharply, with an 84.55 trillion token decrease recorded between September 2024 and September 2025.
Such a supply shock often heralds short-term peaks as available sell pressure thins, but these outflows also raise volatility risk and could amplify swings if whales decide to redeploy large balances into markets rather than hold.
Whales, Shibarium and the risk of losing another “zero”
Technical indicators tell a nuanced story.
SHIB found support near the 61.8% Fibonacci retracement and bounced from a key area around $0.0000095–$0.0000098, while RSI sat near 30 and the MACD histogram recently turned positive. These signs suggest short-term downside may be limited for now.
Near-term targets point to $0.00001078 and higher if buyers can clear immediate resistance at the 7-day and 30-day simple moving averages.
Resistance remains stiff, however. The 200-day and 30-day moving averages still present obstacles that could stall any sustained rally.
At the same time, on-chain fundamentals and development metrics limit conviction in a sustained recovery.
Shibarium activity collapsed in October after a reported 82% decline in daily transactions, undermining burn mechanics and tool-driven demand.
Token burn totals plunged from tens of millions earlier in the week to just 2.57 million SHIB on the 31st. Combined with falling whale holdings and low open interest, this deterioration makes a persistent ETF-driven rally less certain and raises the possibility that SHIB could lose another decimal place if market conditions sour.
Uncertainty is compounded by a security incident: multiple signer keys associated with ShibaSwap appear to have been compromised, with estimated losses approaching $2.8 million in the reported case.
The project’s community response and any subsequent audits will be closely watched, since governance and custody issues can quickly erode institutional appetite for memecoins despite ETF-related windows of interest.
Key Shiba Inu price levels to watch
Short-term traders should watch whether SHIB can defend the $0.0000095 support level and reclaim the $0.0000102–$0.0000109 zone on stronger volume.
Longer-term traders and investors should track ETF progress, on-chain activity and governance fixes to assess whether Shiba Inu can move beyond memecoin status and attract meaningful institutional flows.
Failure to cement technical gains or restore Shibarium utility could see SHIB slip another decimal, even if crypto ETFs keep the narrative alive.