InvestorsObserver gives Shiba Inu a strong long-term technical score of 69 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 69% 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 $0.000008336 for SHIB is -$0.0000018 (-17.66%) below the tokens 100-day moving average of $0.000010125. SHIB meanwhile is $0.0000011 (-152835574.56%) above its 52-week low of $0.000007197 and -$0.00003152 (-25091384.95%) under its 52-week high price of $0.000039854. Shiba Inu’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 69. The price movement and range of SHIB suggest that investors are neutral on the token at this time.
Shiba Inu currently has a total market cap of $4,577,257,527.56 to go along with its average daily volume of $549,615,810.31 worth of the currency over the past seven days. SHIB’s volume is below its seven day average as of the past 24 hours, with 48,067,813.47 exchanged in that period.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a a strong long-term technical score of 69 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
Click Here to get the full Report on Shiba Inu (SHIB).
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