October, typically dubbed ‘Uptober’ by crypto aficionados, is a historically bullish month for both the showpiece crypto asset BTC & major-cap altcoins. Shiba Inu coin (SHIB), a popular dog-embossed crypto currency that was born in August, 2020, has a tremendous historical track record for October.
Shiba Inu’s ‘Uptober’ Track Record Revealed..
In 2021, the second month of Fall was infused with bullish sentiment, as Shiba Inu (SHIB) rode the bull all the way from $0.00000075 to $0.0000069, whipping up 833% gains during the month. The following year, Shiba Inu’s (SHIB) price registered comparatively modest gains of 10.4%, rising to $0.0000125.
A steady uptick followed the next year, putting 2024 as the mildest gain in this category, when SHIB slightly soared from $0.000017 to $0.0000174. On average, that’s a solid 213% spike in every occasion, so Shiba Inu’s custodians are expecting the meme coin to mirror Bitcoin’s (BTC) strength during the projected ‘Uptober’ rally.
Weekly Bullish Wedge Keeps Shiba Inu Afloat
Shiba Inu (SHIB) experienced a mild rebound on Wednesday, kicking off ‘Uptober’ with 4.52% gains to trade at $0.00001225. Zooming out of the daily perspective, Shiba Inu’s (SHIB) price now clings on the bullish wedge pattern on the one-week charts, as portrayed in the tweet by Market Spotter’s analytics.
Judging from their long & short signals on Shiba Inu’s price, a breakout from the bullish wedge pattern could take the dog-styled meme currency to $0.0000400, while the upper target lies at $0.0000550. WIth crypto whale support back in place, the main question remains if SHIB can sustain above the red-label Bollinger Band (BOLL) of $0.0001212.
Other indicators like the Bull Bear Power (BBP) meter & Relative Strength Index (RSI) are still iffy. The BBP meter slightly points towards the crypto bulls’ favor, while the RSI shows complete neutrality, with both oscillators hanging between 51 to 47, according to real-time crypto trading data from TradingView.
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People Also Ask:
Uptober means October’s historical bull run for coins like Bitcoin, often spilling over to alts like SHIB—think seasonal hype and market gains averaging 30% for BTC.
Absolutely! SHIB exploded 833% in 2021, gained 10.4% in 2022, 6% in 2023, and 2.46% in 2024—always green in October since launch.
Early signs say yes—SHIB’s up 0.56% in the first hours of October, rebounding to ~$0.00001190 after a dip, with analysts eyeing a breakout.
Exchange reserves hit a two-year low (84.34T tokens), slashing sell pressure, plus community buzz, burns, and BTC’s flat start setting up for alt gains.
It’s tempting with predictions of 16%+ gains by month’s end, but crypto’s wild—DYOR, watch for breakdowns, and only risk what you can lose.
