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Shiba Inu Coin — Technical Analysis — November 27th, 2021
On Friday, Shiba Inu Coin fell 9.41 percent. Shiba Inu Coin finished the day at $0.0000387, partially correcting a 12.81 percent breakout from Thursday.
Shiba Inu Coin began the day with a mixed bag, rising to an early morning intraday high of $0.0000429 before reversing.
Shiba Inu Coin fell to a late morning intraday low of $0.0000357 after falling short of the first significant resistance level at $0.0000479.
Shiba Inu Coin fell through the first major support level of $0.0000376 and the 62 percent FIB of $0.000037 during the sell-off.
Shiba Inu Coin, however, found late-morning support and returned to $0.000041 levels before dropping down to sub-$0.000040 levels.
Despite the late decline, Shiba Inu Coin escaped a retest of the first major support level and the 62 percent FIB.
Shiba Inu Coin was up 0.98 percent to $0.00003908 at the time of writing. Shiba Inu Coin fell to an early morning low of $0.00003821 before climbing to a high of $0.00003916.
Shiba Inu Coin failed to test the main support and resistance levels early on.
For the day ahead
Shiba Inu Coin would need to return to the pivot point of $0.0000391 in order to reach…
