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Shiba Inu Coin — Technical Analysis — November 28th, 2021
On Saturday, Shiba Inu Coin increased by 1.42 percent. Shiba Inu Coin finished the day at $0.00003923, somewhat correcting a 9.41 percent drop from Friday.
Shiba Inu Coin had a shaky start to the day, falling to an intraday low of $0.0000368 in the early morning before making a rise.
Shiba Inu Coin soared to a late afternoon intraday high of $0.00004173 after finding support around the 62 percent FIB of $0.000037.
Shiba Inu Coin fell well short of the first major resistance level at $0.0000425, however, and dropped to sub-$0.000039 levels before finding late support to end the day around $0.000039 levels.
Shiba Inu Coin was down 4.72 percent to $0.00003738 at the time of writing. Shiba Inu Coin fell from an early morning high of $0.00003923 to a low of $0.00003703 due to a negative start to the day.
Shiba Inu Coin failed to test the main support and resistance levels early on.
For the upcoming day
Shiba Inu Coin would need to pass through the pivot point of $0.0000393 in order to reach the first major resistance level of $0.0000417.
However, support from the larger market is required for Shiba Inu Coin to re-enter the $0.000040 range.
