InvestorsObserver gives SHIBA INU X a weak short-term technical score of 7 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. SHIBA has currently traded better than 7% 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
SHIBA INU X is $0.000495 (38.88%) above its 30-day low of $0.001271968 while -$0.006182 (-77.77%) below its 30-day high of $0.00794800. In addition, SHIBA’s current price of $0.001766489 is under its 30-day moving average price of $0.002572325, leading to a weak short-term technical score. Overall the recent trading history of SHIBA INU X suggest that investors are bearish on the token at the moment.
Currently, volume and market capitalization data for SHIBA are unavailable. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find tokens such as SHIBA INU X extra intriguing.
Summary
SHIBA INU X’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.
