SHIB Price History Warns of September Risks, But Medium-Term Investors Should Hold On

Shiba Inu (SHIB) is ending August at $0.00000504, having gained a surprising +20.4% in the quarter so far.

The token's price history suggests that holding through September carries significant short-term risks, with an average return of -2.72% and a median return of -2.99%

However, for medium-term investors, holding through September is necessary before a potentially strong year-end, as the third quarter has already defied bearish trends.

A dense support block has formed around the 23-day ($0.00000492) and 50-day ($0.00000471) moving averages, which are turning upward and protecting the asset from a deeper decline.