- SHIB price rises 1.61% to $0.00001258, signaling early October bullishness.
- Technical chart shows a potential bull flag, hinting at further upside.
- Community buzz grows as traders eye significant gains.
Shiba Inu Starts October With Bullish Momentum
The crypto market gears up for an exciting October, Shiba Inu (SHIB) is making waves with a promising price uptick. According to a recent post by $SHIB KNIGHT on X, the SHIB/USDT chart shows a notable 1.61% increase, with the price hovering around $0.00001258. The candlestick chart reveals a steady climb following a sharp dip, signaling potential upside movement as the month begins. This bullish sentiment is echoed by the community, with traders pointing to a possible “bull flag” pattern, a technical indicator often preceding significant rallies.
Community Buzz Fuels Market Optimism
The chart, shared on October 2, 2025, highlights a recovery trend that started earlier this week, with green candles dominating the recent session. This comes at a time when SHIB’s 24-hour trading volume has shown resilience, aligning with its ranking as the 21st largest cryptocurrency by market cap. Enthusiasts are optimistic, with some speculating on further gains, potentially pushing SHIB toward higher resistance levels. However, the crypto’s notorious volatility warrants caution, and traders are advised to monitor key support levels around $0.00001200.
Meme Coin Watch: Can SHIB Sustain the Rally?
Community reactions on X reflect a mix of excitement and curiosity, with users like Axel questioning if SHIB could reach a $1 billion valuation. While long-term predictions suggest modest growth by year-end, the immediate focus remains on short-term momentum. For investors, this could be an opportune moment to accumulate, though risk management remains critical given conflicting technical analyses, such as recent “strong sell” signals from some platforms. All eyes will be on SHIB to see if it can sustain this upward trajectory and cement its status as a leading meme coin.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
