Shiba Inu Breaks Out, But Sellers Lurk at $0.00000663

The Shiba Inu (SHIB) price prediction for October 2026 has been made, and it's not looking bright. The token is currently trading at $0.00000582, up 0.9% in 24 hours, but still more than 90% below its 2021 all-time high.

SHIB was launched in August 2020 as an Ethereum-based meme token and later added its own layer-2 network, Shibarium. The September burn report from Shibburn shows that 432,839,551 $SHIB were removed from circulation, but this is a tiny fraction of the total circulating supply.

The weekly chart for SHIB on Binance shows a breakout above the upper boundary of its channel, and the Wolfe wave projection points towards the 0.00001000 resistance level late in 2026. However, if sellers defend $0.00000663, SHIB would likely drift back toward $0.00000496.