Shiba Inu (SHIB) exchange reserves have fallen to a two-year low of 84.49 trillion tokens, down from 190 trillion in January 2023, according to top crypto analyst Zayn. This significant decline suggests a shift towards self-custody and staking, potentially reducing selling pressure on the market.
Zayn predicts an 'Uptober' rally for SHIB, noting that the token is currently trading near $0.000011, just below a descending resistance trendline. A breakout from this level could spark a broader rally. Historically, October has been a bullish month for SHIB, with an average growth of 213% in past Octobers.
Shiba Inu Exchange Reserves Plummet to 2-Year Low, Analyst Foresees 'Uptober' Rally
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