Overview

• On-chain data tracked by Nansen show large holders bought roughly 62 billion SHIB since Sept. 13, lifting whale balances to just over 100 billion tokens.
• Exchange reserves have declined to about 282–283 trillion SHIB from roughly 290–297 trillion in recent months, signaling sustained outflows to self-custody.
• Price is trading near a well-watched support zone around $0.0000115–$0.0000122 inside a tightening triangle pattern that often precedes a larger move.
• Analysts cite upside levels near $0.000017 with a breakout target around $0.0000205 if buyers force a move above resistance, while a breakdown could revisit ~$0.0000108–$0.0000115.
• Short-term momentum remains muted with RSI near 42 and a flat MACD, and one report notes a recent burn-rate uptick that could modestly reduce circulating supply.