Shiba Inu Holds $0.00001182 as Chart Signals October Breakout Ahead
- Shiba Inu trades near $0.00001182 with support between $0.00001000 and $0.00001100 holding firm.
- The chart shows a breakout path that targets a rise once $0.00001200 is reclaimed by buyers.
- Traders expect October Uptober momentum could push $SHIB higher if the trendline is cleared soon.
Shiba Inu ($SHIB) is preparing for a potential breakout after chart projections indicated the meme coin could target a new all-time high in October. The forecast points to a strong rebound from current support, with the possibility of a steep rally if momentum builds.
Chart Structure Indicates Reversal Potential
The TradingView chart shared on September 27, 2025, shows Shiba Inu forming a descending trendline with repeated rejections at lower highs. Current price sits near $0.00001182 after gaining 1.55% on the day, with support established around the $0.00001000 to $0.00001100 zone.
A key detail in the projection highlights a boxed support region that has previously acted as a foundation for recoveries. Price is consolidating at this level, suggesting stability before any upward continuation.
The chart also shows a projected path breaking the descending trendline and moving into higher zones. The outlined pattern suggests potential rallies toward levels not tested since previous highs. For traders, the setup reflects a bullish reversal structure forming on the daily timeframe.
Community Sentiment Builds Around October
The accompanying post described October as “Uptober,” hinting that traders expect the new month to bring improved conditions for Shiba Inu. Supporters responded with optimism, suggesting that the meme coin may soon test levels higher than September’s trading range.
Community reactions were mixed. Some reminded that similar predictions were made in September without materializing into new highs. Others noted that while charts are useful, they can also mislead traders if conditions shift unexpectedly.
Despite differences in opinion, discussions show that traders are actively monitoring $SHIB as October begins. Meme coin narratives remain strong, with cultural momentum continuing to play a role in price speculation.
Breakout Path and the Pivotal Question
If the outlined projection plays out, Shiba Inu could break above its descending trendline and target significant upside levels. The chart suggests a rapid rise once resistance is cleared, aligning with historical tendencies where $SHIB delivered sharp upward surges after extended consolidations.
The initial move would require reclaiming ground above $0.00001200. From there, the path could lead toward higher ranges last visited before major retracements. Such a move would potentially place Shiba Inu on course for an October rally that aligns with community expectations.
The pivotal question arises: can Shiba Inu sustain momentum above resistance levels and deliver the projected October breakout, or will the consolidation extend further?
Market watchers are closely observing both price reactions at support and potential volume increases. With the chart’s structure pointing to breakout conditions, the coming sessions may determine whether “Uptober” becomes a reality for $SHIB.
