While Shib approaches $ 0.000015, Shiba Inu expects favorable returns in April
Shibiba Inu's on-chain statistics show strong adoption, with 1.4 million addresses with sales.
The April Shiba Inu returns are 14.4 %, ending a negative trend of three months.
SHIB reaches $ 0.000015 due to the optimism of the cryptocurrency market and a technical breakthrough.
Shiba Inu (SHIB) goes up to $ 0.00001413 Friday in the midst of a positive cryptocurrency market. The growing popularity and a favorable wind propelled the second largest currency even, with a market valuation of $ 8.3 billion, up more than 2 % per day.
April returns for Shiba Inu increase as adoption increases.
The on-chain data from Shiba Inu indicate a constant increase in addresses sales, while the Intotheblock graph shows 1.4 million active addresses, a new record. This upward trend indicates an adoption of the network and participation in investment.
Shiba Inu discusses statistics | Intotheblock
The recent increase was delighted by Shib, whose portfolios had been hardly affected in the first quarter. Cryptorank reported negative monthly feedback of 10.9 % for Shiba Inu in January. In February and March, returns dropped by 26.1 % and 11.1 %, respectively.
How far could the shib rise?
At $ 0.00001413, the price of Shiba Inu is increasing, indicating growing interest in digital assets and even currencies.
Shiba Inu could reach $ 0.0000,1471 after an advance of 20 % after the breakthrough.
On Wednesday, the exponential mobile average (EMA) at 50 over 4 hours exceeded EMA at 200, strengthening the confidence of traders in the rise in prices. Shiba Inu could speed up the upward trend above the objective of the model in the head and inverted shoulders of $ 0.00001471, and potentially reach $ 0.000015, if EMA at 100 exceeds EMA at 200 in the next sessions.
The upward trend could be threatened by the RSI level of overcide at 72.65. Shiba Inu could cancel this week's earnings if the RSI falls below 70.00, entering the neutral zone. Traders could consider the resistance of Wednesday to $ 0.00001380, EMA at $ 50 to 0.00001293, and EMA at 200 to 0.00001265 $ as support levels.
#SHIB #ETHEREUMFUTURE #BTCVSMARKETS #trumpvspowell $ shib


