Shiba Inu price is once again caught in the crossfire of macroeconomic uncertainty. The U.S. government shutdown, which has halted critical Bureau of Labor Statistics reports, is leaving traders without the usual signals on jobs and inflation. With the Federal Reserve effectively flying blind, markets are leaning on speculation—and meme coins like SHIB tend to thrive or collapse in moments like this. The question now is whether missing data and growing recession fears will spark a fresh rally or drag SHIB price into another downturn.
The U.S. government shutdown that began October 1 has closed the Bureau of Labor Statistics (BLS), delaying critical economic reports like the monthly jobs data and inflation numbers. Normally, these reports shape Federal Reserve decisions on interest rates, which in turn drive risk sentiment across markets. With no official data, traders are flying blind, relying on private indicators. This uncertainty can spill into crypto, where speculative assets like Shiba Inu (SHIB) often move in response to risk-on or risk-off swings.
The Polymarket chart shows growing consensus that the U.S. government shutdown will drag on until at least October 15 or later, with odds climbing to nearly 70%. Earlier hopes of a quick resolution between October 6–9 have collapsed to under 10%, while chances of it ending between October 10–14 sit at around 23%. The market has essentially priced out any possibility of the shutdown ending before October 5. This suggests traders and analysts are bracing for a prolonged stalemate in Washington, which could add pressure to markets already dealing with missing jobs and inflation data.
If the shutdown lasts more than four weeks, half a million federal workers could be counted as unemployed, raising the unemployment rate by 0.3%. That would intensify recession fears, potentially pushing investors toward or away from high-risk plays like Shiba Inu price, depending on sentiment.
What does the SHIB Price daily chart show right now?
Looking at the daily TradingView chart (Heikin Ashi candles with Bollinger Bands), SHIB price is currently trading around 0.00001261. After a steady decline through late September, the coin has bounced back from the lower Bollinger band near 0.00001139 and is now attempting to reclaim the midline at 0.00001244.
Recent green candles suggest short-term buying momentum, but the resistance at 0.00001279 is capping the upside. Volume looks muted, hinting at cautious accumulation rather than aggressive breakout buying.
Could SHIB Price rally if data remains delayed?
Without jobs and CPI reports, the Fed has less clarity. If markets lean toward assuming weaker economic conditions, investors might anticipate earlier rate cuts. Historically, lower rates fuel demand for speculative assets, including meme coins. This sets up a potential short squeeze scenario for Shiba Inu price if it clears 0.00001280.
A breakout could target the upper Bollinger Band around 0.00001350, with extended upside toward 0.00001400 if bullish momentum accelerates.
What happens if the shutdown drags on?
If the shutdown extends past 30 days, furloughed workers will be counted as unemployed, officially pushing the rate higher. That could scare risk markets and weigh on crypto. For SHIB price, a rejection below 0.00001280 followed by sustained selling could send the price back toward 0.00001200, then 0.00001100, with deeper supports at 0.00000950 and 0.00000800.
Key levels to watch
- •Resistance: 0.00001280, 0.00001350, 0.00001400
- •Support: 0.00001200, 0.00001100, 0.00000950
Shiba Inu Price Prediction: So, where is SHIB heading next?
The next move depends less on Shiba Inu’s own fundamentals and more on macro forces tied to the shutdown. If uncertainty fuels a risk-on rally in speculative assets, $SHIB could retest its mid-September highs. But if prolonged shutdown headlines spark recession fears, SHIB may break down toward deeper support levels.
Right now, Shiba Inu price is in a make-or-break zone. A close above 0.00001280 could flip sentiment bullish, while a failure to hold 0.00001200 could confirm another leg down. Traders should brace for heightened volatility as politics and macro data blackout drive market psychology.