Shiba Inu (SHIB) price held steady in October, closing above $0.0000102 after dipping to $0.00000955 early in the month. This resilience marks progress for the meme coin, avoiding a new low amid flat volume and narrowing volatility, setting the stage for potential November gains based on historical patterns.
SHIB price recovered from a 15% monthly drop, outperforming many altcoins.
Narrow Bollinger Bands indicate low volatility, with the upper band at $0.00001178 as a key resistance level.
Historical data shows November as SHIB’s strongest month, averaging over 170% gains across past years, including 48.8% in 2024 and 833% in 2021.
Discover how Shiba Inu (SHIB) price survived October’s challenges without hitting zero. Explore technical indicators and historical trends for potential November rally. Stay informed on meme coin dynamics today!
What is the Current Status of Shiba Inu (SHIB) Price After October?
Shiba Inu (SHIB) price demonstrated notable resilience throughout October, closing the month above $0.0000102 following an early dip to $0.00000955. This performance, while not a full rally, represents a critical avoidance of further downside for a meme coin that has faced prolonged struggles. Technical indicators like flat trading volume and a stabilizing Relative Strength Index (RSI) suggest a consolidation phase that could precede upward movement, drawing comparisons to similar setups in prior months that led to significant recoveries.
How Do Technical Indicators Support SHIB Price Stability?
The Bollinger Bands for SHIB remain tightly constricted, with the daily middle band hovering near $0.00001014 and the upper edge at approximately $0.00001178 per token. This configuration reflects reduced volatility, a pattern observed since May that has historically preceded breakouts; for instance, a similar structure in that period resulted in a 35% price increase. Supporting this, the lower range has been tested multiple times without sustained breaches, underscoring strong support levels. According to data from TradingView, the RSI has maintained above oversold territory, refusing to signal extreme weakness. Market analysts, including those from financial platforms like CoinMarketCap, note that such setups often indicate accumulation phases for meme coins like SHIB, where investor interest builds quietly before momentum shifts. Short sentences highlight the key: volume is flat but steady, volatility narrows, and price action stays range-bound. A breakout above the upper Bollinger Band could trigger a 20-25% move, based on historical volatility patterns, while any dip below support would require close monitoring for renewed selling pressure.
SHIB/USD by TradingView
Shiba Inu (SHIB) just did the unexpected — it closed October without printing a new zero. After crashing to $0.00000955 early in the month, the price managed to get it back over $0.0000102 and has maintained it ever since. It is not a rally yet, but for a meme coin that spent half the year struggling, survival counts as progress.
October’s drop for SHIB was about 15%, which is mild compared to most alt charts. Taking a wider view, it is the setup that matters: flat volume, narrow volatility and an RSI that refuses to die. In May, this same structure ended with a 35% increase.
The Bollinger Bands are locked tight with the daily middle near $0.00001014 and the upper edge around $0.00001178 per Shiba Inu coin. Bulls are fixated on that line — a clean breakout there could lead to a 20-25% move in a short period.
Below range, on the other hand, has held strong, having been tested three times since May without ever cracking for long.
Lucky Month for SHIB Price Gains
November has historically been a fortunate period for Shiba Inu (SHIB) price, with gains of 48.8% in 2024 and an impressive 833% in 2021, contributing to an average monthly increase exceeding 170%. This seasonal strength often emerges after periods of consolidation, as seen in past cycles where initial sparks around levels like $0.00001062 evolved into stronger rallies targeting $0.0000123. Data from historical price charts on platforms such as CoinGecko illustrates this trend, where meme coin enthusiasm tends to reignite post-October lulls. Experts from the crypto analytics community, including reports referenced in Bloomberg’s cryptocurrency coverage, emphasize that such patterns stem from broader market sentiment shifts, including increased retail participation during year-end periods. While past performance does not guarantee future results, the current technical setup aligns closely with these precedents, positioning SHIB for potential upside if volume picks up. Investors should note, however, that external factors like overall market volatility from major assets such as Bitcoin could influence outcomes.
The market has seen this meme play out before, and it usually starts slowly, right after everyone stops watching.
Frequently Asked Questions
What Factors Contributed to Shiba Inu (SHIB) Price Recovery in October?
Shiba Inu (SHIB) price recovery in October was driven by resilient support levels around $0.000010, flat trading volume that prevented panic selling, and a stabilizing RSI above 30. The 15% monthly decline was contained compared to other altcoins, reflecting underlying community strength and historical buying interest at key lows, as per on-chain data from sources like Etherscan.
Will Shiba Inu (SHIB) Price See Gains in November Based on Historical Trends?
Yes, Shiba Inu (SHIB) price has shown strong November performance historically, with average gains over 170% driven by seasonal meme coin hype and increased trading activity. This year, similar to 2024’s 48.8% rise, a breakout above $0.000011 could signal the start, though it depends on broader market conditions for sustained momentum.
Key Takeaways
- Resilient October Close: SHIB price avoided new lows, closing above $0.0000102 despite early dips, highlighting improved stability for the meme coin.
- Technical Consolidation: Narrow Bollinger Bands and steady RSI point to a potential setup for 20-25% upside, mirroring May’s 35% rally.
- November Opportunity: Historical data suggests monitoring $0.00001062 as an entry signal, with averages showing over 170% gains in this month.
Conclusion
In summary, the Shiba Inu (SHIB) price has navigated October’s challenges with resilience, maintaining levels above critical supports amid flat volume and narrowing volatility. Technical indicators like Bollinger Bands reinforce this stability, while historical November trends for SHIB price underscore potential for significant gains. As the crypto market evolves, staying attuned to these patterns will be essential for investors seeking opportunities in meme coins.