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Q4 is set to be remarkable for memecoins. This assertion is supported by investors’ price forecasts that have indicated this trend for several months. The quarter commenced with one of the most significant declines in recent times, which caused Shiba Inu to drop to 0.000007738.
Currently, the SHIB price has rebounded over 55% from that low, reaching approximately 0.00001102, and this movement clarifies why many remain optimistic about its recovery. To gauge its potential trajectory, it is beneficial to analyze investor behavior across several key indicators.
Whales Withdraw SHIB From Exchanges: A Positive Indicator?
Source: Exchange Reserve – Cryptoquant
Throughout September, the chart predominantly displayed negative netflows, particularly between September 22 and 26, when over 600 billion SHIB were withdrawn from exchanges, indicating significant accumulation.
Notably, the substantial red spikes around October 11, when nearly 1 trillion SHIB exited exchanges during the crash, suggest that many investors capitalized on the dip and transferred their holdings to cold storage for the long term.
Shiba Inu Price Forecast: SHIB Recovers 55% – Is $1 SHIB Next?
Source: SHIBUSD / TradingView
SHIB’s chart is forming a distinct descending wedge pattern following an extended pullback. The price has just bounced off a robust demand zone around 0.0000090–0.0000100, indicating that buyers are re-entering the market. The setup suggests a potential breakout, with SHIB testing the upper trendline while establishing higher lows.
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If it breaks out successfully, we could witness a significant upward movement toward the 0.000022–0.000032 range, aligning with a possible 100%+ increase. The RSI is rising from oversold conditions, indicating a shift in momentum, and the MACD is beginning to stabilize, suggesting that bearish pressure is waning.
As long as SHIB remains above that demand zone, the chart appears bullish with a strong possibility of a reversal rally on the horizon.
Maxi Doge: The SHIB Of This Cycle?
Shiba Inu is making a notable resurgence, but a new meme coin, Maxi Doge, is also gaining attention. The enthusiasm surrounding it resembles SHIB’s initial phase, when a small surge of excitement escalated into widespread frenzy as the market turned bullish.
While SHIB has rebounded 55% from its lows, Maxi Doge is already performing exceptionally well in presale, raising over $3.59 million and offering an impressive 84% APY from staking even prior to its launch.
Additionally, around 40% of the supply was allocated directly to the public, with no venture capital or insider holdings poised to sell, making it one of the most transparent meme launches available.
With DOGE gaining traction again, BONK progressing on Solana, and SHIB recovering, the meme season appears poised for significant activity. If history repeats itself, Maxi Doge could emerge as the next SHIB-like success story leading the charge this cycle.
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