Although Shiba Inu has briefly retraced to the red territory, showing a modest price loss over the last day, the leading meme token still retains investors' interests due to the strong price rebound it experienced in recent weeks.
As such, SHIB has dashed the bearish expectations from analysts who have frequently declared September as one of Shiba Inu's weakest months over the past years.
Rather, the latest onchain data from CryptoRank shows that Shiba Inu witnessed the strongest price recovery in September instead.
Shiba Inu's best performing month
According to the data, Shiba Inu closed September with a 13.5% monthly gain, making it SHIB's best-performing month so far in 2026.
While the past months have seen Shiba Inu struggle amid multiple price volatility episodes, the asset began to show signs of recovery about three months ago when it recorded a positive monthly close with about a 12% gain in July.
Shiba Inu has sustained this momentum through the third consecutive month, posting even higher gains for September as bullish sentiments begin to intensify.
After SHIB had suffered heavy losses during the first half of the year, the strong price performance seen in recent weeks has made September SHIB's best monthly stretch of 2026.
Will Uptober pull stronger gains for SHIB?
Following the Shiba Inu September breakthrough, expectations for a bigger return in the next month are now on the rise, especially because of the usual Uptober hype.
Since the September recovery pushed SHIB from around $0.00000507 at the beginning of the month to a monthly high near $0.00000625 during the same month, analysts believe that bullish momentum will fuel further demand for SHIB, positioning it for bigger gains in the new month.