InvestorsObserver gives Shiba Inu an average long-term technical score of 61 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
SHIB at this time has a superior long-term technical analysis score than 61% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
The current trading price of $0.000011791 for SHIB is $0.0000021 (21.84%) above the tokens 100-day moving average of $0.000009677. SHIB meanwhile is $0.0000046 (-152835526.57%) above its 52-week low of $0.000007197 and -$0.00002314 (-28631426.29%) under its 52-week high price of $0.000034927. Shiba Inu’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 61. The price movement and range of SHIB suggest that investors are neutral on the token at this time.
Shiba Inu has a total market value of $6,473,920,368.11 with an high average daily volume of $1,830,067,721.59 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, SHIB’s volume is below its average with $320,895,519.74 exchanged in total.
Summary
Trading patterns over the last year for Shiba Inu leads to the token’s an average long-term technical score of 61 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
