Shiba Inu (SHIB) Price Action and Key Demand Zones: A Technical Deep Dive into the 2024 Rally Repeat Potential

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The Case for SHIB's Demand Zone Rebound

Shiba Inu (SHIB) is at a critical juncture in its price trajectory. As of October 15, 2025, the token trades near $0.00000984, hovering just above a key historical demand zone that fueled a 406% rally in early 2024, according to a Coinotag report. This zone, spanning $0.00001078 to $0.00000817, represents a confluence of psychological support and accumulation activity. If SHIB can reclaim this range, it could trigger a repeat of the 2024 surge, which propelled the token to an annual high of $0.00003665, the Coinotag report noted.

Historical Demand Zones and Technical Patterns

SHIB's current price action is defined by a descending channel on the daily chart, with critical support at $0.000011 and resistance at $0.000013, according to a CCN analysis. A break below $0.000011 could expose the token to further declines, targeting $0.0000090 and $0.0000080, the CCN analysis added. Conversely, a confirmed breakout above the channel's upper boundary would retest the 0.236 Fibonacci level at $0.000013 and the 0.618 golden ratio at $0.000014, the CCN analysis suggested.

On the 4-hour chart, SHIB is consolidating within a symmetrical triangle pattern, with support at $0.00001 and resistance at $0.000014, according to a CoinCentral article. A breakout here, confirmed by a bullish MACD divergence, could drive the token toward $0.00001993, the CoinCentral article noted. The stochastic RSI has also moved out of oversold territory, the CoinCentral piece observed, suggesting potential upward momentum.

On-chain data reveals mixed signals. While SHIB's Money Flow Index (MFI) at 44.17 and Accumulation/Distribution (A/D) line at 62.14T indicate ongoing accumulation, the Coinotag report found, the token has recorded $3.2 million in net outflows over the past week, according to a CoinEdition report. However, recent burn activity offers a silver lining. On October 15 alone, 42.9 million SHIB tokens were burned, marking a 27,014.2% increase in burn rate for the day, per a Benzinga report. This aggressive supply reduction, combined with a 181% surge in weekly burn rates, suggests strategic accumulation by long-term holders, the CoinEdition report noted.

Sentiment analysis paints a cautiously bearish picture. Gate's Fear and Greed Index for SHIB stands at 29, reflecting widespread fear among investors, per Gate's Fear and Greed Index. Technical indicators are similarly bearish, with 89% signaling downward pressure, the Gate index showed. Yet, SHIB's 1.7% 24-hour recovery hints at short-term stabilization, as the Coinotag report observed.

2024 vs. 2025: A Comparative Analysis

The 2024 rally was driven by a combination of token burns, ecosystem growth (e.g., Shibarium), and macroeconomic tailwinds from a broader crypto bull market, according to an OnTheNode analysis. In 2025, the environment is more challenging: macroeconomic pressures, regulatory uncertainty, and competition from rival meme coins like PEPE and BONK have dampened investor enthusiasm, a CoinCentral explainer argued. However, SHIB's ecosystem continues to evolve. Shibarium's expansion and the launch of the TREAT token by lead developers are enhancing utility, the Benzinga report noted, while the token's massive burn rate is reducing supply at an unprecedented pace.

Strategic Case for Investors

For investors considering a position ahead of October 19, 2025, the key is to monitor SHIB's ability to hold above $0.0000105. A clean breakout above this level would validate the descending wedge pattern and open the door to a 39% price increase toward $0.00001993, the CoinCentral article suggested. Conversely, a breakdown below $0.000010 could trigger a test of the $0.0000090 zone, the CoinEdition report warned.

Positioning strategies should balance risk and reward. A bullish case hinges on SHIB reclaiming $0.000014, with targets at $0.000022–$0.000032, the CCN analysis noted. A bearish scenario, however, warns of further declines to $0.0000080 if selling pressure intensifies, the CCN analysis added. Given the Fear and Greed Index's bearish bias, investors should prioritize risk management, using stop-loss orders below $0.0000105.

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