The Shiba Inu [SHIB] ecosystem has experienced an upswing recently, with the asset seeing significant growth over the past few days. SHIB climbed from a low of $0.000007267 to a peak of $0.000007594. However, the meme coin has fallen again and is currently trading at a low of $0.000007282.
The question now is whether Shiba Inu can regain upward momentum and participate in the “Uptober” trend, or if it will stick to its current trajectory. In this article, we will examine the possible trading range for Shiba Inu during October 2023.
Shiba Inu October Hike
According to Changelly’s forecast, the Shiba Inu price may not see a significant surge this month. Instead, the token is expected to experience significant volatility, with the expected trading range hovering between $0.00000700 and $0.00000700.
Week 2 Challenges
However, it is worth noting that the second week of October could bring great difficulties to the memecoin. During this period, it is expected to experience several declines, which could result in a drop of about 11.62% from the current value. On October 14, SHIB could even trade as low as $0.000006609.
Potential recovery at the end of the month
As the end of October approaches, there is optimism that Shiba Inu will resume its upward momentum. According to Changelly’s outlook, SHIB could experience significant gains in the middle of the month. The asset is expected to surge to $0.000008289, up 11.2% from its current value. However, the month is expected to be terrible for the memecoin. SHIB is expected to trade as low as $0.000007302, down 2.35% from its current price.
While these predictions provide insights into what might happen to Meme Coin in October 2023, it is important to remember that cryptocurrency markets are highly speculative and are influenced by a variety of factors, including market sentiment, adoption trends, and external news events. #ETH #BTC
