Shiba Inu on the Edge: Will It Bounce from Key Support or Face a Deeper Drop?

Shiba Inu, the popular “dog-themed” token, is once again drawing strong attention from investors. According to well-known analyst Coinvo, SHIB’s price is approaching a crucial level that has repeatedly stopped declines and triggered major rebounds in the past.

The Support Level That Has Held All Year While Coinvo mentioned a “major resistance” in his analysis, the chart clearly highlights $0.00001150 as support. This zone has been the turning point for SHIB throughout 2025: 🔹 March – after hitting the support, SHIB surged to $0.000014

🔹 April – another test of the level, bouncing back to $0.00001550

🔹 July – following sell-offs triggered by the Israel–Iran conflict, SHIB regained strength, reaching $0.00001570 Now, SHIB is once again approaching this level, and the market is watching closely to see if history repeats itself. A strong bounce could set the stage for renewed bullish momentum, while a breakdown could trigger accelerated sell-offs. At the moment, SHIB is trading around $0.00001190, up 0.68% in the past 24 hours.

Selling Pressure Eases as Exchange Reserves Decline Bulls also find support in the fact that SHIB’s exchange reserves have dropped to a two-year low – from 84.49 trillion tokens to 84.34 trillion. This means fewer tokens are sitting on exchanges, which often signals lower selling pressure. If this trend continues, the risk of breaking below $0.00001150 becomes significantly reduced.

October: A Historically Strong Month for Shiba Inu Another positive factor is SHIB’s seasonal performance in October. Historical data shows that this month tends to favor the token: 🔹 2021: +833%

🔹 2022: +10.4%

🔹 2023: +6.04%

🔹 2024: +2.46% October 2025 has started in a similar fashion – within the first hours of the month, SHIB gained +0.56%. Both analysts and the community are hopeful that a larger rally may follow.

Conclusion Shiba Inu is approaching yet another decisive moment. If the $0.00001150 support holds, the token could launch into another bullish wave, especially as investors look ahead to a possible altcoin season. If not, a sharp correction may unfold.

All eyes are now on October, which could either confirm SHIB’s bullish reputation or deliver an unexpected bearish twist.

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