Key Takeaways
- Shiba Inu (SHIB) exchange reserves show an 8 trillion SHIB outflow in the past 30 days.
- Price action indicates a potential 20% rally if the breakout is sustained.
- However, SHIB’s technical indicators flash a bearish signal, pointing to a weak trend and downtrend.
Interest in Shiba Inu (SHIB) remains steady despite the price continuing to decline for the past seven weeks. On-chain analytics platform Nansen reveals that SHIB reserves on centralized and decentralized exchanges are declining drastically, suggesting a strong price reversal ahead.
Shiba Inu (SHIB) Reserves Drop by 8 Trillion
According to Nansen an on-chain analytical platform, over the past 30 days, Shiba Inu’s balance on exchanges has dropped by 8 trillion, falling from 291.6 trillion SHIB to 283.57 trillion SHIB as of September 11, 2025.
The decline in exchange reserves indicates whales, institutions, and retailers are accumulating SHIB and moving it from exchanges to their wallets.
The movement of tokens from exchanges to wallets is considered a bullish sign. However, it raises a question whether this is an ideal time to buy or if the price will see a downside move.
Futures Market Signals Bullish Sentiment
CryptoQuant’s Future Taker CVD for Shiba Inu shows that futures buyers dominated the meme coin from September 5 to 10, 2025, the period when SHIB began its bullish breakout.
This metric indicates that futures buyers are strongly betting on SHIB’s upside momentum, reflecting a rising bullish outlook for the token.
Shiba Inu (SHIB) Price Action
At present, SHIB is trading near the $0.00001310 level, up 1.44% over the past 24 hours. However, this mild gain has reduced investor and trader participation. Data from CoinMarketCap reveals that SHIB’s 24-hour trading volume has slipped by 9% compared to the previous day.
Bullish Breakout: Key Levels to Watch
According to Shiba Inu’s daily chart, the meme token has broken out of a descending trendline resistance that has held since July 2025. In addition, it also broke out of a small consolidation phase, which has turned sentiment bullish.
TimesCrypto’s technical analysis shows that SHIB seems to be retesting the breakout area in potential preparation for an upside rally. Based on the current price action, if SHIB holds above the $0.00001274 level, there is a strong possibility of a 20% price uptick, potentially reaching the $0.00001562 level.
The only hurdle SHIB may face is at the $0.000014 mark, if it clears this level, a smooth and quick rally could be possible.
Technical Indicators Remain Bearish
Despite bullish price action and on-chain data, SHIB’s technical indicators are flashing a bearish signal. At press time, the Supertrend remains in red and above the meme coin’s price, indicating a downtrend with selling pressure.
Meanwhile, the Average Directional Index (ADX) has fallen to 19, below the key threshold of 25, suggesting that SHIB is in a weak trend and may fail to sustain this price uptick unless strong buying pressure emerges.
