Shiba Inu Price History Suggests September May Be Worst Month Yet

Shiba Inu's (SHIB) price history is giving holders conflicting answers about whether to hold onto their coins in September. The token has historically been its worst-performing month, with an average return of -2.72% and a median return of -2.99%. Since 2021, Shiba Inu has only closed the month in the green twice.

This year is already bucking bearish trends, however, with a +20.4% quarterly return that significantly outpaces its historical Q3 average of +2.39%. The token's price chart shows it's currently facing resistance at $0.00000537 and support around the 23-day ($0.00000492) and 50-day ($0.00000471) moving averages.

A breakout from this technical triangle will determine whether history repeats itself or if Shiba Inu surprises holders with a strong September performance. While some may be cautious about holding onto their SHIB, the token's overall trend suggests that the worst is behind it, and the most profitable quarter lies ahead.