Shiba Inu Price Analysis — November 5
As mentioned earlier, Shiba Inu is in a dramatic bearish spiral as traders book profits. The meme currency bottomed at $0.00004312 yesterday before jumping near the $0.00005500 resistance. This jump failed to yield the desired results for SHIB holders as the cryptocurrency dropped again to $0.00004500. However, the eleventh-largest cryptocurrency has rebounded again near the $0.00005500 resistance as bulls attempt to reclaim that level and push the price higher. That said, the critical level for bulls at the moment is the $0.00006000 psychological, where my descending trendline from the recent ATH resides.
Meanwhile, our resistance levels are $0.00005500, $0.00006000, and $0.00006500, and our key support levels are $0.00005000, $0.00004500, and $0.00004200.
Total Market Capitalization: $2.72 trillion
Shiba Inu Market Capitalization: $27.4 billion
Shiba Inu Dominance:1%
Market Rank: #11
Meanwhile, our resistance levels are $0.00005500, $0.00006000, and $0.00006500, and our key support levels are $0.00005000, $0.00004500, and $0.00004200.
Total Market Capitalization: $2.72 trillion
Shiba Inu Market Capitalization: $27.4 billion
Shiba Inu Dominance:1%
Market Rank: #11
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