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Shiba Inu Price Eyes $0.000081 Breakout as Exchange Reserve Hits Record Low – Crypto News

Published

5 months ago

March 18, 2025

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Shiba Inu price has been facing a downturn over the past few months, dropping nearly 63% since December 2024. Despite this, a key metric has shown positive signs that may help the meme coin recover. Shiba Inu’s exchange reserve has recently reached an all-time low of 93.573 trillion tokens, marking a shift in investor behavior. This drop in exchange reserves suggests a reduction in selling pressure, which could help SHIB price break past key resistance levels.

Shiba Inu Price Targets $0.000081 as Exchange Reserves Hit Record Low

According to CryptoQuant data, Shiba Inu’s exchange reserve recently reached an all-time low of 93.573 trillion tokens. This represents just 15.88% of the circulating supply. The exchange reserve metric tracks the amount of SHIB held by major exchanges such as Binance, Coinbase, and Crypto.com. The drop in this reserve indicates that a large portion of SHIB is being moved off exchanges, likely to be held by long-term investors.

The decline in exchange reserves is often seen as a bullish signal. As investors withdraw their holdings from exchanges, the available supply of SHIB for sale decreases. This reduction in exchange liquidity can help reduce downward price pressure.

Source: CryptoQuant

Market participants are increasingly confident in Shiba Inu’s future as seen by the continued withdrawals from exchanges despite the top meme coin recent losses.

Increased Long-Term Holders Suggest Stability

In addition to the drop in exchange reserves, Shiba Inu has seen an increase in the number of long-term holders. According to data from IntoTheBlock, long-term SHIB holders, defined as those holding the asset for at least a year, have surged to a new peak of 1.09 million addresses. This growing number of long-term holders is a positive sign for Shiba inu price stability.

The increase in long-term holders typically reduces sell pressure, as these investors are less likely to liquidate their positions during short-term market fluctuations. This change in investor behavior suggests that Shiba Inu price may experience greater stability in the future.

SHIB Price Prediction

Shiba Inu has been showing signs of recovery after reaching a support level of $0.00001201 on March 14, 2025. Since then, the price has rebounded by 10%, reaching $0.00001322. According to analyst Javon Marks, Shiba Inu price is eyeing a breakout target of $0.000081, a level that would represent a nearly 500% upside from current levels. To reach this target, SHIB must first overcome resistance levels, particularly around $0.00001380.

The reduced liquidity due to exchange withdrawals could provide the necessary conditions for a breakout. However, for this bullish scenario to materialize, the top meme coin must maintain strong momentum and avoid any retracement.

Moreover, another report supports the bullish sentiments with another analyst forecasting the top meme coin could experience a 2x to 3x rally in the coming weeks. With rising buying pressure and technical indicators favoring the bulls, SHIB’s potential to reach its target prices of $0.0000280 to $0.000032 could be realized within the next two months.