Shiba Inu is once again testing a crucial price point that has repeatedly shaped its market trajectory this year. The token is nearing a major support level that has historically triggered strong rebounds whenever tested. Coinvo, a Market analyst, believes that the coming days will determine whether Shiba Inu continues its upward momentum or faces deeper corrections. Recent data also points to easing sell-off concerns, as exchange reserves of SHIB tokens hit a two-year low. Analysts Point to $0.00001150 as Key Support Renowned crypto analyst Coinvo recently highlighted that Shiba Inu is approaching a decisive level. While describing the move as a “major resistance test,” Coinvo’s chart actually emphasized $0.00001150 as the most critical support zone for 2025. The data shows that this level has repeatedly halted sell-offs and spurred recoveries. In March, SHIB tested the zone before rebounding to around $0.000014. A similar trend unfolded in April when the token climbed back toward $0.00001550. More recently, in late June, Shiba Inu once again fell to the same level during heightened volatility sparked by the armed conflict between Israel and Iran. Despite the geopolitical pressure, buyers stepped in, driving SHIB back toward $0.00001570 in July. Source: X With the token once again hovering near this level, analysts argue that a strong bounce could reignite bullish momentum. However, if $0.00001150 fails to hold, Shiba Inu could face accelerated sell-offs, opening the door to deeper declines. Declining Reserves Ease Selling Pressure The bearish outlook has been tempered by a sharp drop in SHIB’s exchange reserves . According to market data, reserves recently fell to 84.49 trillion tokens, marking a two-year low. At the time of writing, the figure had dipped further to 84.34 trillion SHIB. This decline signals reduced selling pressure, as fewer tokens remain available for trading on exchanges. Analysts suggest that this factor could support Shiba Inu’s ability to maintain its critical support level, reducing the likelihood of a steep breakdown. Meanwhile, community commentator Shib Spain speculated that the long-awaited altcoin season could begin this month. He pointed to October’s historical performance as a potential indicator. Data shows that Shiba Inu posted gains of 833% in 2021, followed by 10.4% in 2022, 6.04% in 2023, and 2.46% in 2024. As October 2025 begins, the token has already risen 0.56% within the first hours of the month. Whether this modest start turns into a broader rally will depend heavily on SHIB’s interaction with its support zone.
