Shiba Inu Is Build Up a Momentum
Shiba Inu (SHIB) is falling by 13.7% to $0.0000134 this week, sharply underperforming the broader crypto market, where Bitcoin (BTC) is gaining 0.4% to $118,610. After a sharp rise to $0.0000158 in mid-July, investors appear to be locking in profits. According to Glassnode data, retail traders have started to exit long positions, even accepting some losses in the process. This wave of unwinding may clear the way for a smoother upside recovery.
Looking ahead, SHIB has a strong seasonal track record. October stands out as its historically best-performing month, with an average return of 200%. While this is a medium-term expectation, a faster rebound could materialise if Bitcoin maintains its rally toward the $150,000 level, potentially lifting SHIB alongside broader market momentum.
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