Oh, how the world of finance can sometimes resemble a grand masquerade ball, where every player dons their most convincing disguise! Amidst the dreary and lackluster start of September, our dear friend Shiba Inu has decided to put on a show of its own, forming what they call a ‘golden cross’ on its hourly chart. Imagine that! A dog, a cross, and a bunch of numbers dancing together in a most peculiar fashion.
A ‘golden cross’, you ask? Why, it’s nothing more than a fleeting moment when the short-term moving average decides to leap over its long-term counterpart, much like a puppy jumping over a log. This occurrence, oh so rare and wondrous, marks the very first of its kind for Shiba Inu in the month of September. A month, let us not forget, that has historically been the black sheep of the cryptocurrency family, a time when even the bravest investors cower in fear.
September, a month of mixed fortunes for Shiba Inu, has seen the coin end up in the green twice out of four times since 2021. Now, that’s a tale worth telling, isn’t it? In 2021, Shiba Inu ended September with a modest gain of 4.96%, only to burst into a spectacular 830% rally in October, reaching an all-time high of $0.000088. Oh, the glory days! But alas, 2022 was not as kind, with Shiba Inu closing September down 6.53%, and only managing a 10% rise in the subsequent October. A mere whisper compared to the roar of the previous year.
The year 2023 brought more of the same, with Shiba Inu’s price action being as silent as a church mouse in September and October. The coin closed September down 8.14% and managed a meager 6.13% rise in October. A bittersweet symphony, indeed.
Why it matters
Historically, September has been the harbinger of Shiba Inu’s fortunes in October, a month fondly known as “Uptober” in the crypto community. Despite the occasional loss or minor gain in September, Shiba Inu has consistently seen higher gains in October, often ending the month with a flourish. However, 2024 brought a curious twist to this tale. In September, Shiba Inu soared 26.94%, only to limp into October with a mere 1.33% gain, before exploding 50% in November. Ah, the unpredictability of life!
As we stand at the precipice of yet another September, Shiba Inu finds itself down 0.41%, leaving many to wonder if history will repeat itself or if the coin will chart a new path. At the time of writing, SHIB was down 3.1% in the last 24 hours, trading at $0.00001213, a reversal from its two-day rise from a low of $0.00001181 on Sept. 1. The market enthusiasts, ever the optimists, wait with bated breath to see if Shiba Inu will once again surprise us all. 🤔🚀
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2025-09-04 20:25