• SHIB is trading at 0.00001043, with MA and OBV indicating a mildly bearish trend.
• Analysts like SHIB KNIGHT spark optimism as the coin recovers its rally to 1209.
• Forecasts show an 11% increase in price for October as the community still remains bullish for the coin.

As 2025 starts, Shiba Inu is trading at $0.00001043 with a market capitalization of $6.15B. As the second-largest memecoin by market cap, it faces the problem of volatility from the emerging competition.

SHIB Recovers The Momentum Sparking Optimism

The community is buzzing up for the coin as the coin is in accumulation. According to the recent update by the user named SHIB KNIGHT, the coin is recovering its momentum, noting that “$SHIB is recovering. The first target is 1209, which is the former accumulation zone.”

The tweet contains a trading view chart describing the rebound from the last drops. As the meme coin sentiment heats up the traders and investors are all giving an eye in the next target at $0.00002, which is the double of the current price.

Also Read: Price Prediction 2025: Why Pepeto (PEPETO) Presale With 221% Staking, Looks Like The Next 100x Meme Coin.

Technical Indicators Showing Weak Momentum

As shown on the TradingView chart, the coin is currently showing bearish momentum. The price has fallen below the 50-day moving average, indicating bearish activity despite low volume. The OBV has not returned to a higher point, suggesting that buyers are not entirely giving up yet.

Currently, the sentiment remains mildly bearish, with buyers gaining control. A daily close near $0.0000133 is necessary for a bullish reversal.

Also Read: And PEPE Early Investors Rotate To Pepeto, The Stand Out Meme Coin Of 2025

Forecasts Poised For 11% Move Up In Oct

According to the data curated from Coincodex, the maximum projected price for October is $0.00001196. It is really below the $0.00002 target. It is unlikely to get the target in this month without a major bullish catalyst or market-wide rally, as the forecasts only show a moderate monthly increase near 11%. If the broader market enters a late-year altcoin rally and if the coin gains traction, it can be achieved in the coming quarters.

Community Leans Bullish For The Coin

According to the data curated from CoinMarketCap, the community remains undoubtedly bullish for the coin. Out of 1 million votes 87% of people are optimistic about the coin. Only 135 people are expecting a bearish scenario. It proves communities believe in its strength and long-term performance.

In conclusion, by analysing the charts and forecasts, the coin is currently in a bearish momentum, and the chance of achieving the target is unlikely. Yet the analyst’s predictions and community sentiments still add hope, as there is a chance for a short-term bullish momentum. As it seems impossible to get the target in this October, based on the coin’s historic performance and market cap, it would be possible in the coming quarters.