The post Shiba Inu price forecast: SHIB could drop further amid the crypto ETF buzz appeared on BitcoinEthereumNews.com.

Shiba Inu price is rising amid ETF speculation and whale accumulation signs. Shibarium activity has, however, plunged 82%, weakening token utility and burns. Key support at $0.0000095 could decide SHIB’s short-term direction. Shiba Inu price has bounced back following a wave of renewed institutional attention sparked by crypto ETF speculation, though its long-term outlook remains mixed. The SHIB token has climbed 3% today, outpacing the broader crypto market’s 2.03% gain, as traders reacted to T. Rowe Price’s proposed $1.6 trillion Active Crypto ETF filing — a move that officially lists Shiba Inu among potential holdings. Despite the short-term rebound, the broader memecoin trend still shows signs of strain, with on-chain weakness, declining network activity, and lingering security concerns tempering optimism about a sustainable recovery. Beneath the headlines, supply and liquidity metrics paint a more cautious picture. Exchange reserves have also fallen sharply after an 84.55 trillion token decline from September 2024 to September 2025. Such a supply shock often foreshadows short-term spikes as available sell pressure thins, but those same withdrawals raise volatility risk and can amplify swings if whales decide to redeploy balances into markets rather than hold. Whales, Shibarium and the possibility of dropping 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, with the RSI sitting near 30 and the MACD histogram recently turning positive. Short-term projections point to $0.00001078 and higher if buyers can clear immediate resistance at the 7-day and 30-day SMAs. However, resistance remains stiff, and the 200-day and 30-day moving averages present obstacles that could stall rallies. Shiba Inu price chart | CoinMarketCap At the same time, on-chain fundamentals and development metrics limit conviction. Shibarium activity cratered in October after a reported 82% decline in daily transactions, undercutting…

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Filed under: News - @ October 31, 2025 6:29 pm