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Shiba Inu has recently experienced a significant decline in value, prompting noticeable changes in trader behavior. The cryptocurrency‘s value has decreased by approximately 63%, according to recent data. Among the positive developments is a marked reduction in exchange reserves.
SHIB Exchange Reserves
According to exchange data, Shiba Inu’s exchange reserves have fallen to an all-time low of 93,573 trillion tokens. This figure constitutes only 15.88% of the total circulating supply. Traders are reportedly withdrawing their tokens from exchanges, indicating a trend toward long-term holding.
Data shows a growing amount of Shiba Inu held for extended periods, with the number of addresses that have held tokens for over a year reaching 1.09 million. This trend is viewed as a positive sign for reduced market pressure and increased stability of the asset.
Price Targets and Resistance Levels
Shiba Inu recorded a recovery of approximately 10% after reaching a support level of around $0.00001201 on March 14, 2025. The price has risen to $0.00001322, indicating a positive upward movement.
Analyst Javon Marks has indicated that after the current levels, the price could potentially reach a target of $0.000081. Other technical indicators and increasing buying pressure are crucial for potential upward trends.
Withdrawn tokens from exchanges may reduce selling pressure, creating lower liquidity and thus higher upward potential for the market. The increase in long-term investors and positive technical indicators can be viewed as encouraging signs for the asset’s outlook.
As traders closely monitor Shiba Inu’s price recovery, they are considering the effects of market dynamics and global developments. Current data suggests the possibility that the digital asset may find support in the short term.
