Analysis from SwallowAcademy suggests a key price region for Shiba Inu (SHIB) that could trigger upward momentum. The analysis highlights a potential buying opportunity as SHIB currently trades around $0.000014, having experienced volatility in the past week with a notable decline followed by modest gains. A recurring support zone between $0.0000139 and $0.0000144 is identified as key to potential price increases. This has acted as a springboard for SHIB’s value before, with a similar pattern observed in May, leading to gains over the week following the testing of this zone. 24-hour trading has seen some fluctuation, but the support continues to hold. The analysis incorporates technical indicators like the EMA (Exponential Moving Average) to gauge the asset’s current trajectory. The RSI sits near neutrality, indicating potential for a sustained price shift. However, the long-term sentiment on SHIB is shifting with more investors taking a long-term approach. This trend has been corroborated by On-chain data from IntoTheBlock showing an increase in long-term holder count and a decline in short-term holders, further suggesting increased confidence in the SHIB market. SwallowAcademy projects a potential upside of 10% to 20%, with $0.0000159 emerging as a near-term price target. However, it’s important to note that this analysis is for informational purposes only and not financial advice.