Shiba Inu's August Sell-Off May Signal September Rally

Shiba Inu's price dropped by over 20% in August, but could September bring another rally for the memecoin?

The price has been slowly recovering lost ground since mid-2026, with a rising channel (purple) on the chart. However, attempts to hold above the crucial 200-day moving average ($0.0000069) have failed.

Bullish cues for Shiba Inu can be seen beneath the short-term uncertainty and slow grind. Historically, cyclical patterns in bull markets favor memecoins like Shiba Inu, with a notable example being its 2023 price surge of over 70% to $0.000011 by mid-December.

The broader memecoin market has climbed 9% from recent lows, according to VanEck's MarketVector index. If historical patterns hold, Shiba Inu could follow suit and see a significant price increase.