E Point Perfect

SHIB Price Analysis for November 14


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The week has started with ongoing bears’ dominance, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap


The rate of SHIB has declined by 1.74% over the past 24 hours.

SHIB/USD chart by Trading View

Even though the day has started with the false breakout of the local support level at $0.00000855, bulls kept the rise going as the rate has bounced of the resistance at $0.00000936.

In this case, the more likely scenario is further sideways trading in the range of around $0.000009 until the end of the day.

SHIB/USD chart by Trading View

On the daily time frame, the situation is not clear as neither bulls nor bears are fully controlling the situation at the moment. However, if buyers lose the important $0.000009 zone, the fall may continue to the support at $0.00000742 soon.

SHIB/USD chart by Trading View

On the bigger chart, the price keeps slowly approaching the support level at $0.00000742 as well. The bulls can come back to the game if they restore the price above the $0.00001 area. However, one needs to wait until the weekly candle closes.

SHIB is trading at $0.00000902 at press time.


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