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Shiba Inu Coin — Daily Technical Analysis — 7th December 2021
Following Monday’s surge, a move through $0.000038 levels would reintroduce $0.000040 levels. Avoiding the day’s pivot, on the other hand, would be critical.
Shiba Inu Coin
On Monday, Shiba Inu Coin increased by 1.49 percent. Shiba Inu Coin closed the day at $0.00003681, reversing a 0.47 percent loss from the previous day.
Shiba Inu Coin fell to a late intraday low of $0.00003282 before making a rise, mirroring the larger market. Shiba Inu Coin fell through the first major support level at $0.0000342 as a result of the reversal.
Shiba Inu Coin soared to a late intraday high of $0.00003731 after avoiding the second major support barrier at $0.0000322. Shiba Inu Coin temporarily pushed past the 62 percent FIB of $0.000037 before closing the day at sub-$0.000037 levels, falling short of the first significant resistance level at $0.0000413.
Shiba Inu Coin was up 0.76 percent to $0.00003709 at the time of writing. Shiba Inu Coin fell to an early morning low of $0.00003669 before climbing to a high of $0.00003756.
Shiba Inu Coin broke over the 62 percent FIB of $0.000037 while leaving the key support and resistance levels untested.
