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Shiba Inu Price Forecast: SHIB Soared 833% Last October – Will It Achieve Another Surge in 30 Days?
Shiba Inu commenced October on a high note, surging 5% in the past 24 hours as the overall market also shows positive signs. This surge has ignited discussions about the possibility of history repeating itself with another “Uptober.”
Historically, October has been Shib’s most successful month over the last four years, with an impressive average gain of 213%. Given this performance, many are curious if this month’s Shiba Inu price forecast will mirror past results.
In 2021, SHIB skyrocketed over 833% within a single month, marking one of its most extraordinary rallies. While such surges are uncommon, October remains notable with a median return of +8.2%. In contrast, September typically closes lower, and November can also be unpredictable.
Source: Shiba Inu Monthly Returns / CryptoRank
Shiba Inu Price Prediction: SHIB Dips to $0.0000118, Lowest Since June
SHIB’s price fell to $0.0000118 in August, the lowest point since June, before rebounding. Currently, it is trading at $0.00001231 at the time of this writing. Early indicators suggest a potential bullish reversal following a drop below a significant support level during a false breakdown.
Source: SHIBUSD / TradingView
Shiba Inu (SHIB) is finally making a push to break free from its descending channel after several weeks of gradual decline. Starting October with a 5% increase, the price is now testing the $0.0000123 area, right at the upper trendline of the channel.
If SHIB succeeds and history is repeated, the momentum could propel it toward $0.0000136 and $0.0000159, with the larger bullish target situated near $0.0000180.
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The RSI has already risen above 60, the MACD is turning positive, and trading volume has increased by 20%, with a market cap hovering around $200M. All indicators suggest a solid setup, and Shiba Inu continues to be one of the most well-known meme coins available.
Has SHIB Lost Momentum and Already Had Its Moment? Maxi Doge Has the Insight
Despite various challenges over the years, SHIB remains the second largest memecoin in the market. Numerous competitors like Pepe, Bonk, and even the official Trump memecoin have attempted to claim that position, but none have succeeded in surpassing Shiba’s market cap.
The issue lies in Shiba Inu’s substantial market cap, which constrains price predictions and the type of returns investors can realistically anticipate. Unlike Dogecoin, it has been gradually declining to lower levels annually since 2021. Dog-themed memecoins often create significant excitement and usually lead the market, but traders frequently pursue newer offerings instead of remaining loyal to the originals.
This is precisely where Maxi Doge steps in. Its presale has already exceeded $2.6M, introducing an energetic “gym bro” Doge vibe while maintaining a straightforward meme-first culture.
With staking offering up to 128% APY, community contests, and no insider allocations, Maxi Doge is emerging as the next major dog-themed coin that traders are keeping an eye on.
Visit the Maxi Doge website to follow savvy investors and participate in the presale. You can make your purchase using ETH, USDT, BNB, or even a credit card.
Click Here to Join the Presale
The post Shiba Inu Price Prediction: SHIB Surged 833% Last October – Can It Achieve That Moonshot Again in 30 Days? appeared first on Cryptonews.
