InvestorsObserver gives Shiba Inu an average long-term technical score of 59 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 59% 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 $0.000011753 for SHIB is -$0.0000096 (-45.04%) below the tokens 100-day moving average of $0.000021387. SHIB meanwhile is $0.0000066 (-213178066.77%) above its 52-week low of $0.000005160 and -$0.00007670 (-11305705.45%) under its 52-week high price of $0.000088451. 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 59. 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 $6,453,364,077.01 with an high average daily volume of $3,778,399,612.27 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 $581,778,092.56 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 59 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
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