Shiba Inu Coin
Shiba Inu Coin fell by 3.16% on Tuesday. Following a 1.97% loss on Monday, Shiba Inu Coin ended the day at $0.00004192.
A mixed start to the day saw Shiba Inu Coin rise to an early morning intraday high $0.00004454 before hitting reverse.
Falling short of the first major resistance level at $0.0000455, Shiba Inu Coin slid to a late intraday low $0.00004105.
Shiba Inu Coin fell through the first major support level at $0.0000419 before finding support. Late in the day, Shiba Inu Coin briefly revisited $0.000042 levels before easing back.
The first major support level at $0.0000419 pegged Shiba Inu Coin back.
At the time of writing, Shiba Inu Coin was up by 1.29% to $0.00004246. A bullish start to the day saw Shiba Inu Coin rise from an early morning low $0.00004191 to a high $0.00004285.
Shiba Inu Coin left the major support and resistance levels untested early on.
For the day ahead
Shiba Inu Coin would need to move back through the $0.0000425 pivot to bring the first major resistance level at $0.0000440 into play.
Support from the broader market would be needed, however, for Shiba Inu Coin to break out from $0.000043 levels.
Barring another extended crypto rally, the first major resistance level and Tuesday’s high $0.00004454 would likely cap the upside
In the event of an extended breakout, Shiba Inu Coin could test the resistance at $0.0000480 levels. The second major resistance level sits at $0.0000460.
Failure to move back through the $0.0000425 pivot would bring the first major support level at $0.0000405 into play.
Barring another extended sell-off, however, Shiba Inu Coin should avoid the second major support level at $0.0000390.
Looking at the Technical Indicators
First Major Support Level: $0.0000405
Pivot Level: $0.0000425
First Major Resistance Level: $0.0000440
23.6% FIB Retracement Level: $0.00006987
38.2% FIB Retracement Level: $0.00005680
62% FIB Retracement Level: $0.00003700