Shiba Inu receives an average long-term technical score of 63 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, SHIB holds a superior long-term technical analysis score than 63% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
The current trading price of $0.000009517 for SHIB is $0.0000009 (10.36%) above the tokens 100-day moving average of $0.000008624. SHIB meanwhile is $0.0000038 (-192397924.92%) above its 52-week low of $0.000005717 and -$0.00000611 (-64000114.86%) under its 52-week high price of $0.000015625. 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 63. 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 $5,608,656,134.54 to go along with its average daily volume of $791,583,221.42 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 105,271,680.13 exchanged in that period.
Summary
SHIB’s historical trading over the past year gives it a an average long-term technical score of 63 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
