Shiba Inu memecoin closed August in the green. Is it worth holding SHIB in September?

The Shiba Inu token (SHIB) closed August at $0,00000504, with an atypical quarterly return of +20,4%. This month's close has left investors wondering whether they should continue holding the crypto asset. The memecoin's price performance offers two opposing answers.

Holding the coin in September carries a high risk of loss. According to CryptoRank, the first month of autumn is the token's worst period, with an average return of -2,72% and a median return of -2,99%. In all the years tracked, Shiba Inu has only twice closed September in the black.

CryptoRank data

This thesis is supported by the daily chart on TradingView, where the price has hit the 200-day moving average (MA 200) barrier at $0,00000537. The bulls' previous attempt to break this line in mid-August failed, and the current RSI value of 51,56 indicates a critical lack of buying power needed to overcome this barrier in early autumn.

The third quarter of 2026 is already defying bearish trends: its return of +20,4% is significantly higher than the historical average for the third quarter of +2,39%. This means the token is entering autumn in much better shape than in previous cycles.

TradingView data

Directly below the current price, a support block has formed around the 23-day ($0,00000492) and 50-day ($0,00000471) moving averages, which are turning up and protecting the asset from a deeper decline. Previous years show that the September consolidation serves as the foundation for the fourth quarter, which averaged a historical return of +71,2%, and October, with an average gain of +167,5%.

In the coming days, Shiba Inu may continue to move in a narrowing trading range between support at $0,0000047 and resistance at $0,00000537. A breakout of this technical triangle will determine the trading strategy for the remainder of 2026.