Despite facing steep declines from its all-time high, SHIB ($0.00) continues to attract new holders and maintain steady adoption, signaling that long-term faith in the token remains strong even during market turbulence.

Shiba Inu Price Holds Amid Market Pressure

Shiba Inu (SHIB) has been showing signs of resilience despite a challenging market environment. As of October 23, 2025, the token trades at approximately $0.0000097, reflecting a steep decline of over 88% from its all-time high (ATH ($0.03)) of $0.000088. This has left many investors questioning the short-term outlook.

Shiba Inu is currently in an accumulation phase, signaling a potential upcoming breakout. Source: CRYPTO SHIB via X

Market observers note that Shiba Inu is currently in an accumulation phase. A recent post by the crypto account CRYPTO SHIB highlighted the “calm before the storm,” referencing a multi-year accumulation pattern that could set the stage for a significant rally. The chart analysis points to a descending trendline and a pink supply zone, suggesting low-volatility conditions may precede an upward breakout.

Strong Holder Base Supports Shiba Inu Price

Despite the downtrend, Shiba Inu continues to attract and retain investors. On-chain data from Etherscan shows that the number of SHIB wallet addresses recently rose to 1,546,786, marking a slight daily increase. Analyst Etherscan SHIB described this growth as “strong momentum” and emphasized that it signals enduring confidence in Shiba Inu’s long-term potential.

SHIB now has 1,546,558 on-chain holders, reflecting steady weekly growth and sustained community momentum. Source: Etherscan SHIB via X

Even as the price struggles, the growth in holders demonstrates a committed community and steady adoption, underscoring the importance of retail investor support in Shiba Inu’s price resilience.

Technical Analysis: Price Action Under Pressure

Shiba Inu price today is capped under a steady downtrend. The token is resisted by $0.00001076 and $0.00001160 at the 20-day and 50-day EMAs, while broader resistance is found at the 100-day and 200-day EMAs.

SHIB’s price rose today by 0.94% to $0.00001004, likely driven by continued holder accumulation, steady on-chain growth, and positive market sentiment surrounding Shiba Inu. Source: CoinMarketCap

Technical charts are targeting the $0.00000900 level of support as significant. Being unable to sustain that zone could expose SHIB to another fall towards $0.00000800. Sustaining support and reclaiming dominant EMAs, however, could be a path to healing that could enable levels around $0.00001220.

Supply Challenges Limit SHIB Rally Potential

One of the structural hurdles limiting Shiba Inu’s recovery is its enormous circulating supply, currently around 589 trillion tokens. While periodic token burns reduce supply, critics argue that the sheer volume of SHIB in circulation makes reclaiming its ATH a difficult task. Analysts project that achieving $0.00008845 would need a market capitalization higher than $52 billion, a target ambitious considering existing trading patterns.

Also, the anonymity of Shiba Inu’s development team has raised controversy. Decentralization is embraced, but some experts have argued that open leadership would boost investor confidence and progress initiative adoption for such projects as Shibarium, the NFT ($0.00) platform, and the Shiba Inu metaverse.

Shiba Inu Future Price Prediction

Long-term holders provide a crucial backstop for Shiba Inu price forecasts. Analysts suggest that continued accumulation could fuel a breakout if SHIB maintains its support level and gains momentum.

For traders and investors asking, “Will Shiba Inu coin reach $1?” The answer remains uncertain. The combination of strong holder support, slow uptake, and accumulation trends shows potential, but the token must break through technical resistance and supply pressures beforehand.

Looking Ahead: Patience Key for Shiba Inu Investors

Shiba Inu news forecasts a cautious optimism. While short-term price action is filled with headwinds, the underlying increase in holders and consistent adoption give a reason for revival. Retaining the support level of $0.00000900 is crucial to any substantial upside movement.

Shiba Inu was trading at around $0.000009870, down 1.85% in the last 24 hours at press time. Source: Brave New Coin

Over the coming months, observers will be eagerly watching to see whether Shiba Inu can turn long-term accumulation and strong community support into a compelling breakout, perhaps reigniting investor confidence and plotting fresh price targets in 2025.