Shiba Inu Streaks Above 200-Day Line for 17 Consecutive Days
Shiba Inu has been trading above its 200-day line for 17 consecutive days, a streak that is significant given its rarity. The 200-day line is an average of the closing prices of the past 200 days, and for Shiba Inu, it currently stands at $0.00000531. The current price of $0.00000571 is 7.5% above this line, and chart analysts call this a compression, indicating that the market has settled on a level and the next larger impulse will decide the direction.
The last time Shiba Inu closed below the 200-day line was September 18, 2026, and since then, the price has held above it. This streak is worth noting, as it's the first durable reclaim since the spring. However, it's essential to remember that a reclaimed average is not a buy signal, but rather a changed starting position. Its usefulness lies in providing a reference point against which to measure any potential decline.
The monthly balances also support this picture, with July, August, and September 2026 showing positive gains of 12.5%, 5.3%, and 13.6%, respectively. This is the first run of three positive months in the past 12 months. However, it's crucial to remember that a run of three carries little weight for the fourth month, especially for an asset that has run double digits in both directions several times over the past 12 months.