Shiba Inu, Short-Term Surge if it Holds 'Here'

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB) is facing a short-term surge scenario depending on whether it defends its key support line.

According to The Crypto Basic, a virtual asset media outlet, on April 22 (local time), Shiba Inu is increasing its potential for an upward trend amidst a recent reconfirmation of its major support zone. According to analysis, if this support line is maintained, the price could have room to rise to $0.000014.

In the current structure, the most crucial variable is the defense of the support line. This zone has previously attracted strong buying pressure, leading to rebounds, making it a key price level. If the support line holds, market sentiment is likely to recover quickly, strengthening the upward momentum. Conversely, if this zone collapses, additional downward pressure could also expand simultaneously.

The technical trend has also entered a turning point. The price is currently under short-term downward pressure and is at a phase where it will determine its direction within the major support area. Analysis suggests that if buying pressure enters this zone, a structural rebound could begin, and the movement towards the target of $0.000014 could become a reality.

The market views this support line not just as a simple price zone but as a crucial benchmark that determines whether the trend will reverse. Shiba Inu has continued to maintain its price around this zone despite recent volatility.

This trend is considered an important test that will determine the future trend direction beyond a short-term rebound. Shiba Inu's next move is expected to be decided by whether it defends its key support line.

*Disclaimer: This article is for investment reference only and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*