As $SHIB approaches USD 0.000015, Shiba Inu anticipates favorable returns in April
Shiba Inu's on-chain statistics show strong adoption, with 1.4 million addresses holding balances.
April's returns for Shiba Inu are 14.4%, breaking a three-month negative trend.
SHIB is reaching $0.000015 due to market optimism and a technical breakthrough.
Shiba Inu (SHIB) rises to USD 0.00001413 on Friday amid a positive cryptocurrency market. The growing popularity and tailwind have propelled the second-largest meme coin, with a market valuation of USD 8.3 billion, an increase of over 2% daily.
April returns for Shiba Inu increase as adoption grows.
Shiba Inu's on-chain data indicates a steady rise in address holding balances, while the IntoTheBlock chart shows 1.4 million active addresses, a new record. This upward trend indicates network adoption and investment participation.
Shiba Inu discusses the statistics | The
bullish streak of recent weeks has pleased SHIB investors, whose portfolios were impacted in the first quarter. CryptoRank reported negative monthly returns of 10.9% for Shiba Inu in January. In February and March, returns fell by 26.1% and 11.1%, respectively.
How far could SHIB's rise go?
At USD 0.00001413, Shiba Inu's price is rising, indicating greater interest in digital assets and meme coins.
Shiba Inu could reach USD 0.00001471 after a 20% advance following the breakout.
The bullish trend may be threatened by the RSI overbought level at 72.65. Shiba Inu could reverse this week's gains if the RSI falls below 70.00,
