As of November 4, 2025, Shiba Inu (SHIB) is trading at $0.0000091, down more than 10.16% in the past 24 hours.
SHIB’s current price has fallen below all major moving averages, including the 20-day ($0.00001014), 50-day ($0.00001139), and 200-day ($0.00001266) averages, reflecting sustained selling pressure across multiple timeframes.
01 Price Trend: Sharp Decline and Key Support Breakdown
Shiba Inu’s performance in October disappointed many investors, as the asset broke out of an eight-month-long sideways trading range.
This range had served as a critical support structure since the beginning of 2025, but the recent breakdown marks a significant shift in market sentiment. This move is more than just a technical breach—it signals a loss of confidence among long-term holders.
Current Price Action
After losing key support, SHIB has formed a tighter consolidation range between $0.0000093 and $0.0000113. This short-term channel reflects a tug-of-war between fading optimism and persistent selling pressure.
Notably, every time the price rebounds toward the upper end of this range, especially near $0.0000103, it faces strong resistance. This level now acts more like a ceiling than a floor, illustrating how former support can become resistance once structural integrity is compromised.
Technical Indicator Analysis
From a technical perspective, SHIB’s short-term outlook remains bearish. The 4-hour chart shows the asset stuck within its recent range, unable to reclaim key pivot points.
Momentum indicators support this view—the MACD histogram remains deeply below the zero line, reflecting ongoing negative momentum in price movements.
However, not all signals are negative. The On-Balance Volume (OBV) indicator has formed a series of higher lows over the past three weeks. This divergence—falling prices alongside rising OBV—can sometimes signal accumulation by patient buyers.
02 Market Dynamics: Supply Reduction and the Institutional Interest Paradox
Despite weak price action, the Shiba Inu ecosystem continues to show notable developments that could impact its medium- to long-term outlook.
Surge in Token Burn Rate
A key metric is SHIB’s token burn rate, which has recently surged. Data shows the burn rate jumped 208% in a single day, with nearly 8 million tokens destroyed. Another report indicated that during a separate 24-hour period, the burn rate soared by 957.9%, with as many as 11.3 million SHIB permanently removed from circulation.
This supply reduction mechanism is a central part of SHIB’s economic model and, in theory, could exert upward pressure on price over time.
Increased Institutional Recognition
Shiba Inu has recently gained significant institutional recognition, being included in the FTSE Grayscale Crypto Sector framework. More importantly, SHIB appeared for the first time among the eligible assets in spot crypto ETF filings by Grayscale and Franklin Templeton.
This increased institutional visibility marks a key step in SHIB’s transition from a pure meme token to a more mainstream crypto asset.
03 On-Chain Data: Whale Activity and Holding Patterns
On-chain analysis provides a clear picture of holder dynamics, revealing the behavior of large holders behind the recent price drop.
Whale Distribution Patterns
Since early September, whale addresses (typically defined as wallets holding more than 1 billion SHIB) have shown a steady decline in total supply held. This isn’t random fluctuation—it represents deliberate reduction by the market’s most influential participants.
This trend intensified in October, with two notable spikes in dormant circulation on October 19 and 26, when tokens that had been idle for months or years saw unusually large movements.
Signs of Potential Accumulation
Despite the overall bearish environment, some data suggests possible accumulation. In late October, over 289 billion SHIB (about 1.45% of circulating supply) moved from exchanges to cold storage—a clear signal of whale accumulation.
Additionally, the number of on-chain addresses continues to grow—reaching 1,546,558 as of October 21—reflecting increasing retail participation. While this doesn’t guarantee a price rebound, it provides foundational support during periods of market weakness.
04 Network Development: Shibarium Upgrades and Ecosystem Evolution
Beyond price and market action, the Shiba Inu ecosystem continues to evolve, with its Layer 2 solution Shibarium implementing major security upgrades.
Technical Infrastructure Improvements
The Shibarium network recently underwent a significant security upgrade, disabling its legacy remote procedure call endpoints following previous vulnerabilities. These upgrades aim to enhance decentralization and reduce single-point-of-failure risk.
Despite weak price performance, the network continues to show robust activity data, with over 1.5 billion transactions, 300,000 total accounts, and 272.7 million wallet addresses.
Adoption Challenges
However, Shibarium adoption remains a challenge. The network’s total value locked (TVL) is still below $1 million, indicating the ecosystem has yet to gain significant traction. If these upgrades attract attention, they could catalyze SHIB’s transition from meme token status to utility-driven value.
05 Market Outlook: Divergent Views and Future Scenarios
Analysts remain divided on SHIB’s future direction, with experts offering differing forecasts based on current indicators.
Bearish Outlook
Anton Karitonov (Trader Alliance expert) views SHIB’s technical position as firmly bearish, with all major moving averages reinforcing downward momentum. Despite recent institutional interest and token burns, he remains cautious, noting that these developments have not stabilized prices amid persistent selling pressure.
The network’s past security vulnerabilities and below-average recovery prospects amplify downside risk.
Bullish Factors
Conversely, Viktoras Karapetyants (Trader Alliance expert) sees Shiba Inu’s entry into leading institutional frameworks (such as the FTSE Grayscale Crypto Sector and major ETF filings) as a strong tailwind for mid-term adoption and investor confidence.
He points to the 208% surge in burn rate and ongoing network improvements as signs of proactive management, supporting a constructive outlook even amid short-term price weakness.
Price Predictions
According to Trader Alliance data, SHIB forecasts are as follows:
- 24-hour forecast: down 4.05% to $0.00000876
- 7-day forecast: down 10.62% to $0.00000816
- 1-month forecast: down 25.08% to $0.00000684
- 3-month forecast: up 30.89% to $0.00001195
These projections reflect high market uncertainty, with short-term bearish sentiment coexisting with potential mid-term recovery.
06 Trading Strategies: Opportunities and Risk Management for Gate Users
For traders on Gate, current market conditions present both risks and potential opportunities when trading SHIB.
Key Price Levels
Traders should closely monitor the following key levels:
- Immediate support: $0.00000909, the level bulls are defending in November
- Secondary support: $0.00000850, which may become the next line of defense if primary support fails
- Immediate resistance: $0.00001032, the area where the cluster of exponential moving averages provides resistance
- Stronger resistance: $0.00001048, reclaiming this level could set the stage for a tactical rebound
Strategic Entry Points
Based on technical and on-chain signals, consider the following entry points:
- Primary entry: $0.00000909 (support)—a rebound here confirms short-term bullish momentum. Pair this with a bullish divergence on the Relative Strength Index to validate the setup.
- Secondary entry: $0.00001032 (exponential moving average cluster resistance)—if SHIB breaks above this level with trading volume exceeding $250 million, it signals institutional buying. Closing above $0.00001032 may target $0.00001025, a psychological barrier for bulls.
Risk Considerations
In all cases, risk management is essential:
- Stop-loss placement: below $0.00000900—a break here invalidates the bullish case and may trigger a retest of $0.00000850.
- Position sizing: Given SHIB’s high volatility, consider smaller position sizes to weather short-term swings without facing margin call risk.
- Portfolio allocation: SHIB should be treated as a high-risk speculative portion of your portfolio, not a core holding.
Outlook
As SHIB tests these key levels in early November, all eyes are on whether it can hold the $0.00000909 support.
Gate provides users with the necessary tools to trade SHIB in these volatile conditions, including advanced charting features and a variety of order types to manage risk effectively.
While the short-term outlook remains challenging, the combination of institutional recognition and token burn mechanisms may lay the foundation for price stability and future growth.
The market is always full of surprises, especially for a token known for its resilience and passionate community.
