Potential Price Boost for Shiba Inu Coin Expected Around April 17

According to U.Today, Shiba Inu's price could potentially see a boost around April 17. This prediction is based on the charts where the 50-day Exponential Moving Average (EMA) is expected to align with the current price of SHIB. If this occurs, it could provide a supportive price zone for SHIB, aiding its upward movement. Moving averages are often seen as local support levels for prices, representing dynamic support levels and setting thresholds where investors may choose to buy or average down their positions. For SHIB, the convergence with the 50 EMA could be significant. It may instill confidence in traders, leading them to believe that the price may not drop below this specific point. This could potentially encourage more people to buy. If SHIB can effectively use this EMA line as support, it could trigger growth. This support might accelerate the price increase. However, it's important to note that there's no definitive way to predict whether SHIB will bounce after meeting the 50 EMA. Caution is advised due to SHIB's notorious volatility and sudden price drops.