Will Shiba Inu (SHIB) Price Repeat Its Legendary October Run? Here’s Why This Analyst Thinks So
Shiba Inu price could be setting up for another big October move, and one analyst believes the pieces are already falling into place.
With exchange reserves hitting a two-year low, supply is drying up, and history suggests that Uptober could deliver something special for SHIB holders.
Analyst Zayn recently highlighted that Shiba Inu’s exchange reserves have dropped to just 84.55 trillion tokens. That’s the lowest it has been since 2023, when exchanges held close to 190 trillion SHIB.
By the start of this year, reserves had already dropped to around 140 trillion, and the steady decline has been going on ever since.
This reduction means SHIB is being moved to self-custody wallets and staking pools instead of sitting on centralized exchanges.
Top crypto analyst Zayn has suggested that Shiba Inu is poised for an “Uptober” rally, as its exchange reserves hit a two-year low.
— TheCryptoBasic (@thecryptobasic) September 30, 2025
In an X post yesterday, Zayn sparked fresh bullish momentum by revealing that Shiba Inu’s exchange reserves had fallen to 84.55 trillion tokens,…
That’s important because when fewer tokens are available to be sold outright, it tends to diminish selling pressure and set the stage for more aggressive price action if demand picks up.
Moreover, Zayn explained that this kind of gradual weakening of exchange balances often signals an accumulation phase.
That is, the long-term holders are supporting their positions and waiting for the next move forward. If Shiba Inu is actually approaching this level, the play might be good for the next wave of momentum to drive prices higher.
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Shiba Inu Price Technical Setup for a Breakout
On the chart, SHIB is trading just under $0.000011 and remains below a descending resistance trendline. According to Zayn, a clean breakout above this trendline could be the catalyst for a much larger rally.
The timing couldn’t be more interesting. October has developed a reputation in crypto as “Uptober” because of its history of strong performance. Shiba Inu’s own track record proves it.
SHIB price hit its all-time high of $0.00008845 in October 2021. Even in non-dramatic seasons, SHIB still managed to close October in the plus with returns of 10.4% in 2022 and 6.04% in 2023. Its weakest October run still added 2.46%. On average, Shiba Inu has seen an incredible 213% growth during Octobers.
SHIB’s Position Heading Into Q4
As Q4 2025 begins, the market is already showing hints of optimism, with several major assets pushing higher. Shiba Inu hasn’t fully joined that wave just yet. After briefly breaking above $0.000012, the token has pulled back slightly and now trades near $0.00001187.
Even so, history suggests that October often favors SHIB price. With exchange reserves drying up, long-term holders accumulating, and a technical breakout level just above current prices, many are watching closely to see if Shiba Inu is about to repeat its legendary October run.
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