From technical patterns hinting at a possible turnaround to fresh whale accumulation and renewed confidence in Shibarium’s future, the meme coin could be positioning for an unexpected rebound.
Unlike in mid-year when momentum quickly faded, traders are now pointing to a formation on the charts that often precedes trend reversals. After touching the lower edge of a symmetrical triangle, SHIB appears to be nearing the point where a breakout is likely. Momentum indicators like the RSI are slowly turning higher, suggesting that the bears may be losing grip.
Market watchers say October could provide the spark. Historically one of the stronger months for digital assets, October has frequently marked periods where Bitcoin rallies spill over into altcoins. If the same pattern plays out, SHIB may first aim for $0.00001480, with further upside possible toward $0.00001765 – levels last seen before May’s sell‑off. Still, if sellers push the token under $0.00001150, any recovery thesis would be thrown into doubt, leaving room for a slide back to yearly lows.
Adding to the bullish case is what’s happening behind the scenes among whales. After trimming exposure earlier in the year, large investors have stepped back in with more than 62 billion SHIB scooped up in recent weeks. Their total stash now tops 101 billion tokens. At the same time, supply sitting on exchanges has fallen to its lowest in months – down to 282 trillion SHIB – hinting at reduced pressure from short‑term sellers.
The fundamentals aren’t being ignored either. Shibarium, which faced a damaging exploit not long ago, is undergoing fixes that developers believe will strengthen the network rather than weaken it. Core team member Lucie emphasized that the setback was a chance to reinforce vulnerabilities and that the ecosystem is “evolving, not ending.”
Put together, the convergence of technical patterns, whale confidence, and progress on Shibarium provides a backdrop that could set SHIB apart in the weeks ahead. While risks remain high in a volatile meme coin environment, the pieces for a surprise recovery rally may finally be coming together.
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