📈 SHIB, a popular meme coin, has risen by 2.97% in the past 24 hours, now trading at $0.00002341 with a market cap of $13.79 billion, ranking as the 11th largest coin. Trading volume also grew by 1.79% to $379.74 million. 🚀

🔮 Shiba Inu Coin shows resilience with recent recovery, gaining over 3% in the past week. Despite a 14% drop last month, the current surge signals growing optimism and potential transition to bullish market conditions. Recent news highlights a significant 5564.09% increase in burn rate, with 25.93 million SHIB tokens destroyed, injecting optimism into SHIB holders and investors.

📈 With ongoing market recovery, SHIB could exceed $0.000025 and potentially reach $0.00003. Continued bullish pressure might drive SHIB towards $0.00005 by April's end. Conversely, market downturns could push SHIB down to support levels at $0.000023 or $0.000022, indicating potential descending trends if bearish sentiment persists.

📊 Technical indicators suggest stability for SHIB. The MACD line is flat, indicating neutral momentum. RSI at 49.77 suggests balanced market conditions, and Bollinger Bands show consolidation with a narrow range between $0.00002233 and $0.00002391, reflecting low volatility.