Is Shiba Inu (SHIB) Headed for Another April Crash?
Almost every year, April sneaks up on Shiba Inu (SHIB) with the same predictable twist. March ends with optimism, gains and a sense of forward momentum. SHIB enthusiasts start talking about the good vibes of Q1, but then - bam - April arrives, and it is as if the coin’s entire attitude shifts.
All the good feelings from March suddenly feel like a distant memory, replaced by the usual slump that traders have come to dread.
Sure, April has a long-term average return of 3.54% as presented by CryptoRank. On paper, that is not too bad. But dig deeper, and you will find something else - a median return of -14.2%. For the past three years, SHIB has suffered some serious losses each time April rolls around, with even the best April landing a 6.41% drop.
Thus, while the long-term averages might tell one story, more recent data tells another - and it is one that cannot be ignored.
It is strange how little anyone seems to be talking about this consistent slump. Instead, we keep hearing the same old optimistic stories and seeing the same historical patterns, as if what happened with SHIB in April was not so obvious.
It is almost as if we are all quietly assuming that this time will be different. But what if it is not?
Maybe it is just the natural rhythm of the market, with institutional money exiting post-Q1, or maybe it is just the nature of crypto cycles. Whatever the reason, the pattern is undeniable. Three years' bounce in April is more than a coincidence.
However, it is always possible for Shiba Inu to surprise us. April has not been a total disaster for the coin in the past. But after the last three years, can anyone really expect things to turn around this time?
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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