The post Turbulence Awaits Shiba Inu Coin in April, Crucial SHIB Levels to Watch appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) coin is still experiencing a roller-coaster momentum amid bearish sentiments in the broader crypto market. While SHIB investors and traders await positive price outcomes, historical data suggests a continued bear market in April. The market now watches to see other ecosystem developments that could trigger a possible SHIB rally. Historical SHIB Price in April The latest Shiba Inu price crash has captivated the market, causing speculation on what lies ahead in the new month. Data from Cryptorank paints a bearish picture, indicating an average monthly return of just 3.5% for SHIB in April. SHIB price has jumped only 2% thus far this month, surpassing its February and January losses of 26.1% and 10.9%, respectively. Shiba Inu coin has traded lower for the past three years in April. The memecoin decreased by 22% in April 2022, 6.4% in 2023, and 26.9% in 2024, respectively. Image Source: Cryptorank Should the current trend continue, the price of SHIB may further decline in the coming month. However, a closer look at the data unveils a complex narrative. The price of Shiba Inu surged by 69.4% in April 2021. Additionally, the second quarter has seldom closed positively for SHIB, with only one such occurrence recorded in 2021. Regardless of the outcome, the Shiba Inu price scenario stands out among the most compelling among top memecoins. Current SHIB Overview and Ecosystem Trend At the time of writing, Shiba Inu coin’s price was trading for $0.00001414, down by 3.4% in the past 24 hours. This selloff comes as the broader ecosystem plunges into a major sell-off. The daily trading volume decreased by 44% to $308.95 million, suggesting investors’ reduced activity at the time of writing. The rate of SHIB is far from the key levels in the daily time frame, as neither bulls nor…

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Filed under: News - @ March 29, 2025 2:26 am