Shiba Inu (SHIB) Mimics August 2021 Historical Turnaround, Suggesting an Imminent Rebound
- 王林Original
- 2024-08-17 21:35:11719browse
Lucie, a Shiba Inu marketing specialist, reminds the community of the meme coin's turning point in August 2021, triggering speculation of an imminent repetition.
Shiba Inu (SHIB) price has been battered in recent months by the broader market downturn. However, one Shiba Inu community member has highlighted a crucial turning point in August 2021, sparking speculation of an imminent repetition.
Lucie, a Shiba Inu marketing specialist, took to Twitter on Aug 23 to remind the community of a critical juncture in SHIB’s price action last year. According to Lucie, early investors who joined the SHIB community in August 2021 will remember the meme coin’s impressive performance.
After surging to a new peak in May 2021, SHIB faced resistance and collapsed by more than 35.76% in the following two months. Despite starting the month bullish, SHIB faced uncertainty in August 2021. However, the meme coin managed to close the month with a 9.77% gain, putting an end to its monthly losing streak.
After a meager 4.62% rise in September 2021, Shiba Inu recorded another massive upsurge in October of that year, amounting to an impressive 827% surge. This pushed SHIB to the all-time high above $0.000088.
Highlighting this historical performance in a tweet earlier this August, Lucie urged the community to remain bullish. Notably, Shiba Inu has been on a downward slope since it reached a yearly peak of $0.000045 in March. The last two months, June and July, have brought losses.
If Shiba Inu witnesses a shift in momentum and manages to end this losing streak by recording a gain this month, this could represent a turn in the tides. Notably, SHIB currently changes hands at $0.00001328.
If the meme coin replicates the October 2021 rally this year, its price would skyrocket to $0.0001231, a new ATH. Interestingly, the $0.00012 territory has come up in multiple Shiba Inu predictions.
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