Shiba Inu Seeks $0.00000650 as Bullish Trend Continues

Shiba Inu has been gaining momentum over the past few months, with a 13.5% increase in September being its biggest gain of 2026 so far. According to recent predictions, SHIB is expected to continue its bullish trend, targeting $0.00000600 first and $0.00000650 next. To reach these targets, SHIB needs to hold above $0.00000565.

Historically, SHIB has performed well in October, with a median gain of 6.04% over the past five years. In fact, SHIB has closed October higher in four of the five completed years since 2021. The 833.6% surge in 2021 is an outlier, and the median is a more reliable guide for predicting SHIB's performance in October.

LuckSide Crypto, a well-known analyst in the crypto space, has been following SHIB's performance closely. He believes that SHIB's recent rally is driven by its strong fundamentals, including a low exchange supply and a growing holder count. He also notes that SHIB's supply can only fall through burns, which sets it apart from other meme coins like Dogecoin.