There is rarely a day that goes by without an analysis of the Shiba Inu (SHIB) price chart, Ethereum’s biggest meme coin. Right now, Shiba Inu is quoted at $0.00001260 after holding September lows at $0.00001170.
But this can all change quickly as the Bollinger Bands projection on the meme coin chart hints at an 11% upside move from this level, targeting $0.00001410 within the next few days.
October has always been a strong month for SHIB in the past. In 2021 the meme coin gained +833% in October, in 2023 it closed +6.04% and in 2024 it added +2.46%. The historical median stands at +6.63%. This record gives weight to the current setup, where the technical projection aligns with Shiba Inu coin’s seasonal history.
The price levels are clear too. The nearest support sits at $0.00001200, making sure that September’s range between $0.00001170 and $0.00001220 is intact.
Resistance, on the other hand, is between $0.00001300 and $0.0000141. Clearing that brings SHIB to levels not seen since July. The next resistance zone above is $0.00001500-$0.00001800, equal to a 20%-40% increase from current trading levels.
SHIB’s best month of 2025
The immediate scenario is simple: holding $0.00001200 keeps the projection in play and keeps the 11% move on the table. Failing to hold that line cancels the setup and brings the token back to its multi-month base.
Shiba Inu has started October with price action that points directly at $0.00001410. If reached, the move will play out in accordance with price history, with a potential 11%-40% move. In short, it could turn into SHIB’s best monthly performance of 2025.
Source: https://u.today/shiba-inu-shib-price-revives-11-surge-may-be-just-the-beginning