InvestorsObserver gives Shiba Inu a strong long-term technical score of 77 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 77% 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 $0.000025227 for SHIB is -$0.0000001 (-0.34%) below the tokens 100-day moving average of $0.000025313. SHIB meanwhile is $0.0000245 (-1428568179.13%) above its 52-week low of $0.000000770 and -$0.00006322 (-11305690.22%) 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 a strong long-term technical score of 77. The price movement and range of SHIB suggest that investors are neutral on the token at this time.
Shiba Inu has a market capitalization of $13,851,266,886.16 and a relatively high average daily volume with $5,272,966,652.20 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 622,613,569.69 exchanged.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a a strong long-term technical score of 77 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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