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Shiba Inu, core support line defense... rebound potential still exists.
Shiba Inu (SHIB) is maintaining key indicators while aiming for a bearish trend reversal.
According to a blockchain media outlet on the 21st ( local time ), Shiba Inu, which has fallen 4.3% over the past 7 days, has continued its downward trend with a 20.3% drop over the last 30 days and a 52.7% plunge since the beginning of the year. However, analysts are still predicting the possibility of an upturn.
An anonymous cryptocurrency analyst emphasized in a recent report that Shiba Inu is firmly maintaining its support line at $0.000010, and there is still a possibility of a rebound. This level has been an accumulation zone since March and could be a signal for a strong rebound. The analyst added that if it breaks through another demand zone at $0.0000119, Shiba Inu is likely to enter a full-fledged upward trend.
Currently, the Shiba Inu price is around $0.00000992, and if it breaks through $0.0000119, a 20% increase is expected. However, it needs to surpass the May high of $0.00001765 for a full-fledged bullish transition. This point has a 78% upside potential, and if it exceeds this, there is a possibility of further increases to $0.000020 and $0.000025.