Shiba Inu Enters October with Strong Momentum
Shiba Inu (SHIB) has entered October, historically its strongest month, in unusually strong form. The token's price has been rising steadily, with a 39.3% gain in the third quarter, an anomaly considering it usually falls during this period. Three consecutive months of gains have given SHIB a price foothold it hasn't had since its historic 2021 rally.
However, investor expectations may hide a trap. While October's average return is 167.5%, which was skewed by the coin's staggering 833% surge in 2021, its median return is more modest at 6.04%. For speculators, another detail matters: October's historical win rate stands at an impressive 80%, with SHIB closing the month in the red only once.
The memecoin has shown a clear reversal in trading charts, breaking out of a two-year-old descending wedge and forming a 'double bottom'. The weekly RSI has produced two bullish divergences, confirming aggressive accumulation. To officially begin the rally, buyers need to break through local resistance at $0.00000626.
Large investors are taking an interest in SHIB again, with a 14.8% jump in volume of large transactions over the past seven days. Whales are moving coins off exchanges and into cold wallets, creating a supply squeeze. While there are two main risks - Bitcoin's potential abrupt reversal and medium-term traders' profit-taking as soon as SHIB reaches its first resistance levels - October 2025 could indeed be a turning point for the token.