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Shiba Inu drops 20% from August gains but September may spark a Q4 rally if history repeats.

Market News
01 Sep 2026
AMBCrypto
View Source
Bullish
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Shiba Inu lost over 20% of its late August gains but remains in a rising channel pattern in the second half of 2026. Despite failing to hold above the key 200-day moving average, historical trends suggest September could be a strong accumulation period leading to a Q4 rally. The memecoin's burn rate has sharply declined by 98% recently, which may dampen bullish momentum unless it improves. If SHIB reclaims $0.000007, it could confirm a sustained rally into the final quarter of the year.

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