SHIB / TetherUSShort
Shiba Inu Price Analysis — November 10
SHIB continues to suffer intense bearish resistance since its recent peak, as the price falls below the critical $0.00005500 line. That said, the eleventh-largest cryptocurrency appears to be trading along my descending trendline towards the $0.00004312 previous low amid neutral trading conditions. To regain a bullish momentum, SHIB needs to break above the $0.00006000 area, bolstered by the 50 SMA, in the coming days. Failure to do so could cement a bearish continuation to the previously mentioned low.
Meanwhile, my resistance levels are $0.00005500, $0.00006000, and $0.00006500, and my support levels are $0.00005000, $0.00004500, and $0.00004200.
Total Market Capitalization: $2.94 trillion
Shiba Inu Market Capitalization: $28.9 billion
Shiba Inu Dominance:0.98%
Market Rank: #11
Meanwhile, my resistance levels are $0.00005500, $0.00006000, and $0.00006500, and my support levels are $0.00005000, $0.00004500, and $0.00004200.
Total Market Capitalization: $2.94 trillion
Shiba Inu Market Capitalization: $28.9 billion
Shiba Inu Dominance:0.98%
Market Rank: #11
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.