Shiba Inu, short-term surge if it holds 'here'

▲ Shiba Inu (SHIB)

Shiba Inu (SHIB) is on the verge of a short-term surge scenario, depending on whether it defends its key support level.

According to virtual asset specialized media The Crypto Basic on April 22 (local time), Shiba Inu is increasing its potential for an upward trend by reconfirming major support zones recently. Analysis suggests that if this support level holds, the price could see an upward potential to $0.000014.

In the current structure, the most critical variable is the defense of the support level. This zone has previously seen strong buying pressure, leading to rebounds and acting as a key price point. If the support level holds, market sentiment is likely to recover quickly, strengthening upward momentum. Conversely, if this zone collapses, additional downward pressure could also intensify.

The technical trend has also entered a turning point. The price is currently facing short-term downward pressure and is in a phase where its direction will be determined within the major support area. If buying pressure enters this zone, a structural rebound could begin, and the movement towards the target of $0.000014 could become a reality, according to analysis.

The market views this support level not merely as a price zone but as a crucial benchmark that determines whether a trend reversal occurs. Shiba Inu has continued to maintain its price around this zone despite recent volatility.

This current trend is evaluated as an important test that goes beyond a short-term rebound to determine the future trend direction. Shiba Inu's next move is expected to be decided by whether the key support level is defended.

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