The cryptocurrency Shiba Inu (SHIB) shows signs of recovery today, with a price rebounding towards $0.0000123. Analyze its behavior in the last day with this chart and find out what could come next.
📈 Analysis of the SHIBA INU trend today (April 14)
In the last 24 hours, the cryptocurrency Shiba Inu (SHIB) has maintained a sideways trend with an upward inclination, currently trading around $0.0000123 USD. The chart provided by CoinMarketCap reveals a mixed behavior, marked by several slight corrections and moments of recovery.
Since 9:00 AM the previous day, the token briefly fell to $0.0000120, but showed the ability to bounce back to $0.0000124, forming a consolidation figure that suggests accumulation by the market.
🧠 Key points of technical analysis:
Observed support: $0.0000120 USD
Immediate resistance: $0.0000124 USD
General trend: Slightly bullish with possible breakout if it maintains momentum.
Volume Indicator:Increasing, which may anticipate a stronger movement in the coming hours.
The trend shows that bulls are regaining ground, and if the price manages to stay above $0.0000123, we could see an attempt to break towards higher levels during the day.
🚀 Is it a good time to enter SHIB?
The current consolidation phase may represent an opportunity for traders looking to buy in support zones before a possible breakout. However, as always in the crypto world, caution is recommended, and clear entry and exit strategies should be employed.
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