Experiencing a significant rise of about 150% in March, Shiba Inu (SHIB) has captured attention in the investment world with this impressive surge.

The current trading value of SHIB sits at over $0.00003 per token, hitting levels not seen since February 2022, hinting at a positive direction for its future performance. However, as April approaches, uncertainty surrounds the potential outcomes for Shiba Inu.

Looking at historical data, SHIB's performance in April has been varied. While the average return stands at 13.7%, the median value is lower at 6.41%. Despite this, optimism stems from SHIB's strong rally in April 2021, where it surged by 69.4%. Nevertheless, caution is advised, given that the last two Aprils saw SHIB's price dip between 6.4% and 22%.

A Shiba Inu price prediction from CoinCodex anticipates a substantial increase in SHIB's value, forecasting a 226.19% rise to $0.000104 by April 27, 2024. Current technical indicators suggest a bullish sentiment, with the Fear & Greed Index reflecting extreme greed at 80. Over the past month, Shiba Inu has experienced 17 positive trading days out of 30, with significant price volatility at 25.69%.