InvestorsObserver gives Shiba Inu a weak long-term technical score of 17 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 17% 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.
SHIB is currently -$0.0000031 (-22.95%) below its 100-day moving average price of $0.000013560 with its current price of $0.000010449. Meanwhile, Shiba Inu is $0.0000053 (-213178092.05%) above its 52-week low price of $0.000005160 and -$0.00007800 (-11305706.93%) below its 52-week high of $0.000088451. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 17. Trends for the long-term trading history of Shiba Inu suggest that traders are currently bearish on the token.
Shiba Inu has a market capitalization of $5,736,983,426.70 and a relatively high average daily volume with $2,830,919,095.23 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, SHIB’s volume is below its seven day average with 375,494,531.50 exchanged.
SHIB’s historical trading over the past year gives it a a weak long-term technical score of 17 as its price movement in that time has given investors reason to be bearish on the token in the long-term.
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.
This news is republished from another source. You can check the original article here