Shiba Inu’s impressive performance in March has captured the attention of investors worldwide, as its value surged by around 150%. This marks one of the most successful months for SHIB in recent times. Currently trading at over $0.00003 per token, SHIB has reached heights not seen since February 2022, suggesting a promising trajectory for its future performance. However, as we approach April, uncertainty looms regarding what lies ahead for Shiba Inu.
Looking at historical data from CryptoRank, April’s performance for SHIB has been a mixed bag. On average, the month has offered an enticing return of 13.7%, but the median value presents a more subdued figure at 6.41%. Despite this, there is optimism derived from Shiba Inu’s impressive rally in April 2021, where it surged by a remarkable 69.4%. However, caution is advised, as the past two Aprils witnessed declines in SHIB’s price ranging from 6.4% to 22%.
CoinCodex’s current Shiba Inu price prediction forecasts a substantial rise in its value, projecting a 226.19% increase to reach $0.000104 by April 27, 2024. Technical indicators currently suggest a bullish sentiment, while the Fear & Greed Index indicates extreme greed at 80. Over the last 30 days, Shiba Inu has recorded 17 green days out of 30, with notable price volatility of 25.69%. With these factors in mind, the future of Shiba Inu in April remains uncertain, but the potential for growth is certainly present.