InvestorsObserver gives Shiba Inu an average long-term technical score of 44 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 44% 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
SHIB is currently $0.0000003 (3.11%) above its 100-day moving average price of $0.000009358 with its current price of $0.000009650. Meanwhile, Shiba Inu is $0.0000039 (-192397922.60%) above its 52-week low price of $0.000005717 and -$0.00000430 (-71683622.29%) below its 52-week high of $0.000013950. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 44. Trends for the long-term trading history of Shiba Inu suggest that traders are currently bearish on the token.
Shiba Inu has a total market value of $5,686,562,426.02 with an high average daily volume of $1,102,919,449.65 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, SHIB’s volume is below its average with $128,823,143.73 exchanged in total.
Summary
Trading patterns over the last year for Shiba Inu leads to the token’s an average long-term technical score of 44 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.
