Member-only story
Shiba Inu Coin — Daily Technical Analysis — 5th December, 2021
Shiba Inu Coin would need to climb back through $0.000040 levels after a fourth consecutive day in the red to begin the recovery process.
Shiba Inu Coin
On Saturday, Shiba Inu Coin fell 9.92 percent. Shiba Inu Coin closed the day at $0.00003641, down 4.22 percent from the previous day.
Shiba Inu Coin rose to an intraday high of $0.00004054 in the early morning before reversing. Shiba Inu Coin fell to a mid-morning intraday low of $0.00003000 after falling short of the first significant resistance mark at $0.0000439.
Shiba Inu Coin breached the first major support level at $0.0000380, as well as the second major support level at $0.0000355. Shiba Inu Coin has also breached the 62 percent FIB of $0.000037.
Shiba Inu Coin, however, found late-morning support and returned to $0.0000396 levels before easing back.
Shiba Inu Coin fell through the first major support level and the 62 percent FIB to conclude the day at sub-$0.000037 levels during the downturn.
Shiba Inu Coin was down 1.07 percent to $0.00003602 at the time of writing. Shiba Inu Coin rose to an early morning high of $0.0000370 before sliding to a low of $0.0000356.
