Shiba Inu Approaches $0.000015: Positive Signals in April and Strong Growth Expectations

In the context of the cryptocurrency market recovering strongly, Shiba Inu (SHIB) has recorded significant growth, with the current price reaching $0.00001413 and heading towards an important resistance level of $0.000015. After a challenging first three months of the year, SHIB is gradually regaining momentum and instilling confidence in investors. Positive signals from on-chain data One of the factors driving the price increase of SHIB comes from positive on-chain data. According to statistics from IntoTheBlock, there are currently up to 1.4 million wallet addresses holding SHIB, marking a record high in the number of people owning this token. The steady increase in wallet addresses indicates that the level of acceptance and investment in SHIB is continuously rising, especially in the context of the overall market trending towards recovery. Impressive performance in April after a series of declining months SHIB recorded a profit of 14.4% in April, marking a breakthrough after three consecutive months of decline: January 2025: -10.9% February 2025: -26.1% March 2025: -11.1% This is a clear indication that the trend is reversing, with the return of confidence from the community and individual investors. Technical analysis: Bullish signals continue to strengthen Technically, SHIB is in a breakthrough stage of a positive trend, with many optimistic signals: On the 4-hour timeframe, the EMA 50 has crossed above the EMA 200, a strong bullish signal and reinforcing confidence from traders. The inverse head and shoulders pattern has been confirmed, with a near price target of $0.00001471. If the EMA 100 continues to cross above the EMA 200 in the upcoming sessions, the bullish trend could be strengthened, helping SHIB move towards the target of $0.000015.

However, the RSI indicator is at 72.65, indicating that SHIB is in the overbought territory. If the RSI falls below 70, the trend may revert to a neutral state and lead to a short-term correction. Important support levels to watch out for In the event of a SHIB downtrend, notable technical support levels include: $0.00001380: Previous resistance, now may become support $0.00001293: EMA 50 line $0.00001265: EMA 200 line Maintaining these support levels will be key to helping SHIB sustain its current upward momentum. Conclusion With the recovery of the cryptocurrency market and supporting technical factors - on-chain data, Shiba Inu is showing strong growth potential in the short term. If this momentum continues, it is not excluded that SHIB may soon surpass the $0.000015 mark and open up a new growth cycle in Q2/2025.