Shiba Inu (SHIB) often finds itself under the spotlight, but its performance history in October presents a particularly intriguing pattern. As the meme coin enters the final quarter of the year, investors are looking to past trends that suggest this month might hold significant potential for SHIB.
A Historically Bullish Month
Over the past four years, October has consistently been Shiba Inu's strongest month, boasting an impressive average gain of 213%. This remarkable trend is highlighted by the extraordinary surge in 2021, when SHIB skyrocketed by over 833% in a single month. While such explosive growth is rare, the median return for October still sits at a positive 8.2%, indicating a consistent tendency for upward movement during this period, often following losses in September and preceding a more volatile November.
Current Landscape and Future Outlook
This year's market conditions for Shiba Inu differ significantly from the bullish environment of 2021, characterized by lower liquidity and a flat-to-negative investor sentiment since mid-summer. Currently trading around $0.0000117, SHIB faces headwinds that make a repeat of its record-breaking 2021 surge unlikely. However, historical bias suggests potential movement towards the $0.0000125 to $0.0000130 range if typical October patterns hold. While hitting the historical average return for a rally towards $0.000036 would require substantially stronger market flows than currently observed, October's consistent track record ensures it remains a closely monitored month for potential upside surprises for Shiba Inu holders.
