Shiba Inu Sees 80% Win Rate Heading into Strongest Month

Shiba Inu (SHIB) is entering October in strong form, having posted an 80% win rate over the month. The token's anomalous +39.3% Q3 pump and technical breakout from a two-year slump have contributed to its current momentum. Historically, October has been SHIB's strongest month, with an average return of 167.5%, although this figure is skewed by the coin's staggering 833% surge in 2021.

Despite investor expectations, SHIB's median return for October is a more modest 6.04%. However, the memecoin has closed the month in the red only once, making October its most consistent period for price gains. Currently trading at $0.0000058569 with a market capitalization of $3.45 billion, up 6.73% over the week.

The token's reversal is evident on TradingView charts, which show it found a bottom at a market cap of $2.21 billion and broke out of a two-year-old descending wedge, forming a 'double bottom.' The weekly RSI has produced two bullish divergences, confirming aggressive accumulation.