SHIB exchange reserves have decreased to 84.55 trillion, marking the lowest level since 2023. This reduction suggests diminished selling pressure and heightened long-term accumulation. On-chain data and technical analysis point to a potential breakout, as SHIB's price forms a falling wedge pattern. Additionally, a 22.98% increase in the burn rate over the past 24 hours has further reduced the supply, bolstering bullish momentum. Analysts are monitoring the situation closely for signs of a breakout, which could signal the start of an Uptober rally.