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Is Shiba Inu SHIB witnessing a rise in the coming weeks?

The popular meme coin made headlines at the end of last September, as its price reached a three-month high, briefly surpassing $12.5 billion in market cap.

The community also expected that October would provide additional gains, given the fact that it was a historically good period for the entire cryptocurrency industry.

On the other hand, contrary to the assumption, the sector witnessed a sharp correction, with Shiba Inu SHIB being among the hardest hit assets, falling to a local low of around $0.00001570 on October 3.

However, it has since recovered some of the losses, and the meme coin is currently trading at around $0.00001738