Shiba Inu's September Struggles: A Historically Challenging Month Ahead
Shiba Inu's (SHIB) August performance has been impressive, with a 20.4% quarterly gain that stands out against recent trends. However, investors now face uncertainty as September approaches, a month that has historically posed significant challenges for SHIB holders.
According to CryptoRank, September has been the token's weakest period on record, averaging a return of minus 2.72% and a median return of minus 2.99%. Data shows that SHIB managed to close September with a profit only twice since its inception, highlighting the heightened risk of holding the asset during this month.
TradingView technical data further confirms bearish sentiment heading into autumn, with SHIB's price recently testing the 200-day moving average at $0.00000537, a resistance level that previously triggered a sell-off in mid-August. The Relative Strength Index (RSI) is currently at 51.56, indicating a lack of decisive momentum among buyers to move past this barrier as September begins.
Despite these historical headwinds, SHIB's performance throughout 2026 has so far outpaced expectations. The asset's current quarterly return of 20.4% is markedly stronger than its average third-quarter gain of 2.39%, putting the coin in a position of relative strength compared to previous years.