Could Shiba Inu Break September's Curse and Ignite 'Uptober' Hopes?

Shiba Inu (SHIB) appears to be navigating a potential reversal of a bearish pattern following a notable move on its hourly chart. A golden cross—a technical signal where a short-term moving average crosses above a long-term one—was recently observed, marking the first such occurrence for Shiba Inu in September 2025 [1]. This pattern is generally seen as a bullish development in technical analysis. However, the broader context of September's performance remains a focal point for traders, as the month has historically been one of volatility for cryptocurrencies [1].

Historical data reveals that Shiba Inu's September performance has often set the tone for the following month, particularly October, which is frequently referred to as “Uptober” in the crypto community. From 2021 to 2024, Shiba Inu showed mixed results in September, with gains and losses alternating across the years. For example, in 2021, a 4.96% gain in September was followed by a remarkable 830% rally in October [1]. However, in 2022 and 2023, the September returns were negative or muted, with subsequent October performances showing modest gains [1].

The most notable deviation from this trend occurred in September 2024, when Shiba Inu posted a strong 26.94% gain, only to see a much smaller 1.33% increase in October before a significant rebound in November. This inconsistency suggests that while historical patterns can offer guidance, they are not guaranteed to repeat [1]. As of now, Shiba Inu has declined by 0.41% in September 2025, continuing a trend that has not yet shown a clear direction. Market participants are closely watching whether this golden cross could trigger a reversal or whether the coin will follow a different trajectory.

At the time of reporting, SHIB was trading at $0.00001213, down 3.1% in the last 24 hours. This followed a brief two-day rally from a low of $0.00001181 on September 1 [1]. The decline may indicate short-term selling pressure, but the formation of a golden cross could suggest that a more sustained upward movement is on the horizon.

Analysts and investors are particularly interested in whether Shiba Inu can avoid the typical September slump and instead set the stage for a positive October. If the historical pattern holds, a strong October could be on the cards. However, the September 2024 anomaly serves as a reminder that past trends are not always reliable indicators of future performance. For now, the market is awaiting further price action and volume data to determine the validity of the recent golden cross and whether it will lead to a broader recovery for Shiba Inu.

The sharp rebound seen in the hourly chart could potentially invalidate a recent death cross—another technical indicator where a short-term moving average falls below a long-term one. If this trend continues, it could mark a significant turning point for Shiba Inu in the short term, particularly as the coin approaches a potential daily crossover near September 5 [1]. Traders are closely monitoring this development, with expectations that it could influence both near-term sentiment and longer-term positioning in the asset.

Source: [1] Shiba Inu (SHIB) Charts First Golden Cross in September ... (https://u.today/shiba-inu-shib-charts-first-golden-cross-in-september-why-it-matters)