Shiba Inu (SHIB) What Does the Chart Say Tuesday?

Shiba Inu (SHIB) What Does the Chart Say Tuesday?

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Tuesday, February 27, 2024 11:48 AM | InvestorsObserver Analysts

Shiba Inu (SHIB) What Does the Chart Say Tuesday?

InvestorsObserver gives Shiba Inu a strong short-term technical score of 84 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 84% 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.

Short-Term Technical - 84
InvestorsObserver is giving Shiba Inu a 84 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Trading Analysis

Shiba Inu is $0.000002 (19.54%) above its 30-day low of $0.000008806 while $0.000000 (-1.40%) below its 30-day high of $0.00001068. In addition, SHIB’s current price of $0.000010526 is above its 30-day moving average price of $0.000009396, leading to a strong short-term technical score. Overall the recent trading history of Shiba Inu suggest that investors are bullish on the token at the moment.

SHIB has a high market cap compared to the majority of tokens with a total market value of $6,203,004,832.87. 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 $2,811,034,992.83 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 $560,982,713.14 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.

Click Here to get the full Report on Shiba Inu (SHIB).

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