Shiba Inu (SHIB) Coin Is Setting Up for a Standout May After Historical Data Points to Strong Returns

With just days left in April, Ethereum's biggest meme coin Shiba Inu (SHIB) is setting up for what could be a standout month.

Shiba Inu (SHIB) is known for its wild price swings, and if history is any indication, May could be setting up for another standout month for the meme coin.

As the biggest token on Ethereum (CRYPTO: ETH) and the meme coin market shows signs of waking up, SHIB could be poised for a return to the limelight.

Here’s a closer look at Shiba Inu’s May seasonality and what the technicals say about the token’s near-term prospects.

What Is Happening: According to data from CryptoRank, May has delivered some of its biggest price moves for SHIB. In 2021, the meme coin skyrocketed over 350% during the month.

Even after more muted years, like 2024's 13.2% gain, the average May return still clocks in at an impressive 77.8%. That kind of track record is hard to ignore.

The conclusion is that big upside has happened before, but it hasn't been the norm every year.

The median May performance for SHIB is a loss of 1.12%. Averages are useful guides, but they don't necessarily predict what will happen next.

Shiba Inu is trading at $0.0000137 at the time of writing, up 0.31% over the 24-hour period.

Shiba Inu Chart: Shiba Inu has been quietly staging a recovery throughout April. After dipping earlier in the month, the token pushed higher, holding its ground around the $0.0000137 level. It's not fireworks — not yet, anyway — but the structure is better than it was a few weeks ago. And that's the setup heading into May.

If the pattern repeats, Shiba Inu could be on the verge of a breakout that gets noticed far beyond the usual crypto crowd. A 77.8% rally is history. Whether it becomes the headline of May 2025 — that's the question now.

Read Next: Is Shiba Inu Set For A Breakout As Benzinga's Tom Gardner Believes 'We Are In A New Bull Market'?

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