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
Then there is November — Shiba Inu’s lucky month. It gained 48.8% in 2024, 833% in 2021, and the average gain has been over 170%. If the pattern repeats, $0.00001062 will be the first spark and $0.0000123 is the checkpoint.
The market has seen this meme play out before, and it usually starts slowly, right after everyone stops watching.