- Shiba Inu price today holds at $0.00000990, facing resistance at $0.00001076 and $0.00001160.
- SHIB holders climb to 1.54 million, showing steady adoption despite weak near-term inflows.
- Failure to hold $0.00000900 support could expose SHIB to a drop toward $0.00000800.
Shiba Inu price today trades near $0.00000990, stuck at a critical support zone after failing to break through its descending resistance line. On-chain growth continues, but technical pressure and weak inflows leave SHIB vulnerable to further downside before any recovery attempt.
Price Action Stays Under Downtrend Resistance
SHIB price action has been locked under a persistent downtrend since August, with the descending resistance line capping each rally attempt. The token recently bounced off $0.00000900, but upside momentum stalled near $0.00001076, in line with the 20-day EMA.
The daily chart shows major resistance clustering between the 20-day EMA at $0.00001076 and the 50-day EMA at $0.00001160. Above that, the 100-day EMA at $0.00001220 and 200-day EMA at $0.00001313 define the broader downtrend ceiling. For now, Shiba Inu price volatility remains compressed beneath these levels, leaving traders focused on whether the $0.00000900 support can hold in the days ahead.
Related: Ethereum Price Prediction: ETF Flows Support ETH But CPI Risk Keeps Traders Cautious
On-Chain Growth Signals Long-Term Strength
Despite weak short-term price action, SHIB adoption continues to expand. Data shared on October 21 shows that Shiba Inu holders now total 1,546,558 addresses, reflecting steady growth week after week. This long-term holder expansion provides a fundamental backstop, suggesting that retail demand remains resilient even during extended downtrends.
Such on-chain strength bolsters the case for eventual recovery, but without near-term inflows and breakout momentum, Shiba Inu price prediction for October remains cautious. Traders are watching for whether holder growth can eventually translate into stronger accumulation pressure.
Exchange Flows Highlight Bearish Tilt
Exchange flow data paints a less supportive picture. According to Coinglass, SHIB saw a net outflow of roughly $901,000 on October 22. While outflows can often support price by reducing sell-side liquidity, the scale remains relatively modest compared with past accumulation phases.
Related: Bitcoin Price Prediction: BTC Consolidates as Traders Await Breakout Signal
This lack of aggressive withdrawal underscores why Shiba Inu price today is struggling to find momentum. Traders appear hesitant to commit in size until SHIB proves it can break out of its downtrend channel. A failure to see stronger outflows may leave the token exposed to further dips if selling resumes.
Outlook: Will Shiba Inu Go Up?
For now, Shiba Inu price prediction remains cautious as technical pressure outweighs on-chain optimism. Holder growth offers a positive long-term backdrop, but the immediate battle sits at the $0.00000900 support.
If SHIB can hold this zone and reclaim the 20-day and 50-day EMAs, the path toward $0.00001220 could reopen quickly. Without that confirmation, however, traders risk seeing another leg lower toward $0.00000800 before a recovery attempt.
Related: Pi Price Prediction: ISO20022 Compliance Narrative Meets Key Resistance
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
