Shiba Inu ($SHIB ) Market Update: Third Straight Monthly Gain, But $0.000006 Is the Wall
$SHIB is trading near $0.0000058**, coming off its **best September in five years** with a **13.5% gain**—the third consecutive monthly win. The token rallied to **$0.00000625 before pulling back, and now sits at a critical juncture.
The Bullish Setup: SHIB has broken above its weekly descending channel for the first time in 2026, and RSI at 55–57 remains neutral with room to run. October historically delivers 80% positive returns for SHIB—a seasonal tailwind bulls are watching closely.
The Reality Check: Burn activity is symbolic at best. A recent 68 million SHIB burn sounds large but represents just 0.00001% of supply—worth roughly $395. More concerning, Shibarium is running empty, processing only 1,680 daily transactions versus 4.69 million in August 2025—a 99.96% collapse.
Key Levels: $0.0000060–$0.00000663 is the resistance wall. A weekly close above $0.00000663** opens **$0.00000844 and potentially $0.000010**. Support sits at **$0.00000496—break that and the recovery structure fails.
Binance Trade Setup: The weekly breakout is real, but volume is thin and Shibarium is a ghost town. A cautious long only if $SHIB reclaims $0.0000060** with volume, targeting **$0.00000663, stop below $0.0000053. DYOR — meme volatility is extreme.
#Shibalnu #MEME #analises #Binance
$SHIB is trading near $0.0000058**, coming off its **best September in five years** with a **13.5% gain**—the third consecutive monthly win. The token rallied to **$0.00000625 before pulling back, and now sits at a critical juncture.
The Bullish Setup: SHIB has broken above its weekly descending channel for the first time in 2026, and RSI at 55–57 remains neutral with room to run. October historically delivers 80% positive returns for SHIB—a seasonal tailwind bulls are watching closely.
The Reality Check: Burn activity is symbolic at best. A recent 68 million SHIB burn sounds large but represents just 0.00001% of supply—worth roughly $395. More concerning, Shibarium is running empty, processing only 1,680 daily transactions versus 4.69 million in August 2025—a 99.96% collapse.
Key Levels: $0.0000060–$0.00000663 is the resistance wall. A weekly close above $0.00000663** opens **$0.00000844 and potentially $0.000010**. Support sits at **$0.00000496—break that and the recovery structure fails.
Binance Trade Setup: The weekly breakout is real, but volume is thin and Shibarium is a ghost town. A cautious long only if $SHIB reclaims $0.0000060** with volume, targeting **$0.00000663, stop below $0.0000053. DYOR — meme volatility is extreme.
#Shibalnu #MEME #analises #Binance