Clamor For Adding Shiba Inu To Robinhood Grows Louder As The Meme Crypto Shoots For The Moon - Benzinga

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Benzinga 10 October, 2021 - 08:31am 3 views

Shiba Inu – Daily Tech Analysis – October 9th, 2021

Yahoo Finance 10 October, 2021 - 01:30pm

A mixed start to the day saw Shiba Inu fall to an early morning intraday low $0.00002063 before making a move.

Steering well clear of the first major support level at $0.0000173, Shiba Inu rallied to a late afternoon intraday high $0.00002952.

While falling short of the first major resistance level at $0.00003210, Shiba Inu broke through the 23.6% FIB of $0.00002831.

A late pullback, however, saw Shiba Inu fall back through the 23.6% FIB to end the day at $0.000027 levels.

At the time of writing, Shiba Inu was up by 0.55% to $0.00002740. A mixed start to the day saw Shiba Inu fall to an early morning low $0.00002624 before rising to a high $0.00002786.

Shiba Inu left the major support and resistance levels untested early on.

Shiba Inu would need to avoid the $0.0000258 pivot to bring the 23.6% FIB of $0.00002831 and the first major resistance level at $0.00003100 into play.

Support from the broader market would be needed, however, for Shiba Inu to break out from the 23.6% FIB of $0.00002831.

Barring an extended crypto rally, the first major resistance level would likely cap the upside

In the event of another breakout, Shiba Inu could test resistance at $0.000035 levels before any pullback. The second major resistance level sits at $0.00003470.

A fall through the $0.0000258 pivot would bring the 38.2% FIB of $0.00002387 and the first major support level at $0.00002210 into play.

Barring another extended sell-off, however, Shiba Inu should avoid the second major support level at $0.0000169.

Please let us know what you think in the comments below.

This article was originally posted on FX Empire

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Aaryamann is a full-time journalist at AMBCrypto. He is a recent journalism graduate, currently investing his time in the crypto-space. He has a keen interest in DeFi, the ever-expanding possibilities of blockchain technology, as well as the political impact they would have.

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Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

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