The post Could Reduced Reserves Fuel the Next Shiba Inu Price Rally? appeared first on Coinpedia Fintech News
The Shiba Inu price is gaining attention today as innovative gaming integrations help burn tokens and reward players, while the project takes significant steps toward full decentralization as Shiba Inu enters its fifth year. Backed by strong community sentiment and reduced exchange reserves, SHIB is now showing potential for a breakout in the near term.
Lucie Reveals That Gaming Adds Utility and Burns Supply
The Shiba Inu gaming initiatives are designed in a way that not only engages players but also strengthens its tokenomics.
The Games in the Shiba Inu’s ecosystem have a unique way, first it rewards participants with SHIB tokens, while the transactions that are conducted via Shibarium mainly contribute to token burning.
Meanwhile, its core ecosystem lead, Lucie, pointed out that it has no dedicated treasury or direct access to token reserves, and many are claiming to be building something for SHIB, but it’s all exaggerated stuff, because Lucie says there are none so far.
Also, SHIB is a people’s coin and has its own USP, so replacing SHIB or claiming they are new SHIB is scammers. The Lucie further mentioned that the real holders of SHIB must stay, hold, and keep pushing its price.
Market Sentiment Supports Bullish Structure
The Shiba Inu price today is trading around $0.00001393, marking a 6% daily gain with a market capitalization of $8.20 billion. Trading volume over the past 24 hours stands at $229.07 million, reflecting growing activity.
Technically, on the daily chart, the SHIB price chart has formed a symmetrical triangle pattern over the past three months.
If SHIB breaks above the upper resistance, it could confirm a bullish reversal. Some market observers see potential for significant percentage gains if the pattern plays out well, though execution will depend on sustained buying pressure.
Furthermore, the X account named “ShibInfo” suggested that a similar structure is currently in play on the SHIB price chart.
The shared image revealed that in 2021, the rally occurred in 3 phases, where 1st and 2nd phases were led by minor gains, and most of the part was its consolidation led by accumulation, and the third phase was the parabolic rally phase.
Likewise, in 2025, these two phases will have passed, and the third phase could begin at any moment in future sessions.
On-Chain Data Signals Long-Term Holding
In addition to technical patterns, the on-chain metrics present a bullish picture, too. This is due to the assets Exchange reserves have dropped significantly, indicating that holders’ outflow to self-custody wallets increased.
This trend suggests a long-term holding mentality, which can reduce selling pressure in the market and increase bullish sentiment.
The Shiba Inu price forecast narrative benefits from this on-chain trend, as lower exchange supply can support upward momentum during periods of heightened demand and reduced supply.
