Shiba Inu Eyes $0.000015 as April Delivers Bullish Momentum

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Shiba Inu (SHIB) is on a bullish streak, gaining 14.4% in April and breaking free from a three-month losing trend. The meme coin surged to $0.00001413 on Friday, backed by growing investor interest and favorable market sentiment.

Key Highlights:

1.4M+ SHIB addresses now hold balances, signaling record-breaking on-chain adoption (source: IntoTheBlock).

Market cap: $8.3B, with daily gains over 2%.

SHIB’s rise is fueled by technical momentum: the 4H 50 EMA has crossed above the 200 EMA, a classic bullish signal.

Price targets ahead:

$0.00001471 – inverse head and shoulders breakout target

$0.000015 – next major psychological level

Despite the rally, RSI at 72.65 hints at potential exhaustion. A drop below 70 may cool the momentum. Key supports lie at $0.00001380, $0.00001293 (50 EMA), and $0.00001265 (200 EMA)

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