Shiba Inu Price Prediction: 85 Trillion SHIB Threshold Back in Play!
Can falling exchange reserves lift SHIB? Maybe later, but not yet. A post says SHIB's exchange reserve is shrinking rapidly, which it reads as returning demand. The chart disagrees for now. SHIB trades at $0.000004645, down 1% today, under both EMAs and under a broken rising channel.
In this Shiba Inu Price Prediction, the reserve claim comes with no figures, and liquidations are tiny.
Market data checked on November 2, 2026, at 12:12 IST.
Why is Shiba Inu price down today?
The Shiba Inu price today is down 1% to $0.000004654 in 24 hours, underperforming a slightly positive broader market, primarily driven by sell pressure from the recent Binance hack. No clear coin-specific catalyst was visible in the provided data; the move looks consistent with absorbing a large, forced liquidation of stolen tokens.
Primary reason: Forced selling from the Binance hacker, who dumped nearly 500 billion SHIB.
Secondary reasons: Technical weakness below key moving averages, coupled with a cautious "fear" market sentiment.
Shiba Inu News: "85 Trillion Threshold Back in Play"
The 85 trillion Shiba Inu threshold is back in play. It says that despite market volatility, SHIB's exchange reserve is shrinking rapidly, which it takes as a sign that demand is returning. It adds that CryptoQuant data shows a rejection of expected breakouts, but exchange activity shows bull traders in action.
An exchange reserve is the total amount of a coin held in exchange wallets. A falling reserve can mean holders are moving coins to private wallets, which some read as less selling pressure. It does not prove new buyers.
The post gives no reserve figure, chart, or date and does not explain the 85 trillion threshold. If it means SHIB coins, that is about $395M at the chart price, CoinGabbar's math.
The post also notes rejected breakouts, which fits the chart below. CoinGabbar could not verify it.
Source: Data From X
SHIB Update: SHIB Liquidation Data
A liquidation happens when an exchange force-closes a leveraged trade because the trader can no longer cover losses. Longs bet on a rise, and shorts bet on a fall.
Window | Total Liquidated | Long | Short |
12h | $6.96K | $6.96K | $1.31 |
24h | $15.23K | $7.29K | $7.93K |
Source: Data From CoinGlass
Over 24 hours, the split was nearly even, with shorts at about 52%. Nearly all of the 12-hour total was long. The amounts are too small to show strong leveraged buying or selling.
Shiba Inu Outlook: Technical Analysis
$SHIB climbed inside a rising channel, a pair of upward-sloping boundaries that hold price in a range, and reached about $0.0000062 in September.
In October, the price fell through the channel's lower boundary. A rebound toward it failed, which matches the post's "rejection of breakouts."
On October 30, a wick dropped to near $0.0000044 before buyers pushed the price back. Since then, $SHIB has stayed under $0.000004802.
Today's candle opened at $0.000004706 and printed $0.000004645, near its low. It was still open, so the close can change.
An EMA, or exponential moving average, weights recent prices more heavily. Price is under both the 20 EMA at $0.000004939 and the 50 EMA at $0.000005131.
$SHIB is currently trading in a downtrend. If it holds the key support level, we can expect a bullish move.
Shiba Inu Forecast: Support and Resistance Levels
Type | Level |
Highest marked level | $0.000008005 |
Resistance 4 | $0.000007004 |
Resistance 3 | $0.000006023 |
Resistance 2 | $0.000005262 |
Resistance 1 | $0.000004802 |
Immediate support | $0.000004398 |
Deeper support | $0.000004006 |
Bull case: A daily close above $0.000004802, about 3% higher, then $0.000005262 would show buyers regaining control.
Bear case: If $SHIB closes below $0.000004398, about 5% lower, the price could slide about 14% toward $0.000004006.
SHIB Scenarios and Invalidation (November 2, 2026)
Scenario | Trigger | Likely Outcome | Invalidation |
Bull | Close above $0.000005262 | Move toward $0.000006023 | Close below $0.000004802 |
Base | Range of $0.000004398 to $0.000004802 | Sideways under the old channel | Break of either level |
Bear | Close below $0.000004398 | Slide toward $0.000004006 | Close back above $0.000004398 |
SHIB Prediction 2026: Can Shiba Inu Reach $0.000006023?
It would take a gain of about 30% from $0.000004645. Any SHIB price prediction toward that level needs more than a falling reserve, since $SHIB must clear $0.000004802 and $0.000005262 first.
Shiba Inu Price Prediction: CoinGabbar Technical View
The reserve claim is unproven, and the price is still under both EMAs after the channel breakdown. A shrinking reserve helps only if buyers lift the price above resistance.
The level to watch is $0.000004398. A daily close below it would open $0.000004006, while a close above $0.000005262 would be the first real sign of strength.
Disclaimer
This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving SHIB.
