Shiba Inu (SHIB) simply did the surprising — it closed October with out printing a brand new zero. After crashing to $0.00000955 early within the month, the value managed to get it again over $0.0000102 and has maintained it ever since. It’s not a rally but, however for a meme coin that spent half the yr struggling, survival counts as progress.
October’s drop for SHIB was about 15%, which is delicate in comparison with most alt charts. Taking a wider view, it’s the setup that issues: flat quantity, slim volatility and an RSI that refuses to die. In Might, this identical construction ended with a 35% improve.
The Bollinger Bands are locked tight with the every day center close to $0.00001014 and the higher edge round $0.00001178 per Shiba Inu coin. Bulls are fixated on that line — a clear breakout there may result in a 20-25% transfer in a brief interval.
Beneath vary, however, has held sturdy, having been examined thrice since Might with out ever cracking for lengthy.
Fortunate month
Then there’s November — Shiba Inu’s fortunate month. It gained 48.8% in 2024, 833% in 2021, and the typical achieve has been over 170%. If the sample repeats, $0.00001062 would be the first spark and $0.0000123 is the checkpoint.
The market has seen this meme play out earlier than, and it often begins slowly, proper after everybody stops watching.