InvestorsObserver gives King Shiba a weak short-term technical score of 14 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. KINGSHIB has currently traded better than 14% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.
Trading Analysis
King Shiba is $0.001079 (36.10%) higher than its 30-day low price of $0.002989399 while also -$0.005540 (-57.66%) lower than its high of $0.00960860 from the past month of trading. Meanwhile, KINGSHIB’s current price of $0.004068509 is under its average price of $0.004289622 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of King Shiba suggest that traders are currently bearish on the token.
King Shiba’s market cap of $1,495,167.96 is relatively low for a token. King Shiba’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, KINGSHIB’s average volume is low with $699,381.49 worth of the token traded over an average 24 hour period. KINGSHIB’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, KINGSHIB’s volume is below its usual with $105,512.08 exchanged.
King Shiba’s subclass Marketplace: These are online marketplaces where users can buy and sell cryptocurrencies and other blockchain-based goods.
Summary
King Shiba’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.
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