InvestorsObserver gives Shiba Inu a strong short-term technical score of 80 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. SHIB has currently traded better than 80% 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 is $0.000001 (14.48%) higher than its 30-day low price of $0.000008460 while also $0.000000 (-3.48%) lower than its high of $0.00001003 from the past month of trading. Meanwhile, SHIB’s current price of $0.000009684 is above its average price of $0.000009220 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Shiba Inu suggest that traders are currently bullish on the token.
SHIB has a high market cap compared to the majority of tokens with a total market value of $5,706,783,108.37. Shiba Inu’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and SHIB meets that criteria. Shiba Inu’s average volume is high as $1,173,690,635.44 worth of the token is typically traded over a 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the past 24 hours SHIB’s volume is below its average with $168,346,927.88 exchanged.
Summary
Shiba Inu’s price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token’s short-term movement.
