Shiba inu Coin (SHIB) fell 0.44% on Thursday. Partially reversing a 2.72% gain from Wednesday, SHIB stock ended the day at $0.00000901.
Tracking the broader market, SHIB rose to an early high of $0.00000920. Against the first major resistance level (R1) at $0.00000919, SHIB dropped to the morning low of $0.00000890. However, SHIB avoided the first major support level (S1) at $0.00000883, and returned to $0.00000906 before retreating to end the day in the red.
Investors’ concern about the collapse of FTX continued to subside on Thursday. Reports of debtors locating more assets raised hopes that the impact of the collapse on creditors would be reduced.
However, lower volumes left both DOGE and SHIB relatively unchanged in the afternoon session. There were no updates from Twitter about the crypto integration project to give it a go.
On Thursday, news of Travala’s campaign with SHIB failed to support a bullish session. SHIB announces the campaign on Twitter, Such asAnd the
We are thrilled to be able to offer an exclusive specialty from our friends at Travala. Use code SHIB to book flights on Travala! Click this link bit.ly/3EAlFxu to get free $35 travel credit to use on over 3 million hotels, flights and activities. “
With the US Thanksgiving weekend in full swing, the lack of FTX news could leave DOGE and SHIB heading into a second session.
Dogecoin (DOGE) price action
At the time of writing, DOGE stock was up 1.11%, at $0.0823. A mixed start to the day saw DOGE stock drop to an early low of $0.0806 before rising to a high of $0.0833.