Shiba Inu receives an average long-term technical score of 64 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 64% 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
SHIB is currently -$0.0000103 (-55.62%) below its 100-day moving average price of $0.000018450 with its current price of $0.000008187. Meanwhile, Shiba Inu is $0.0000030 (-213178135.88%) above its 52-week low price of $0.000005160 and -$0.00008026 (-11305709.48%) below its 52-week high of $0.000088451. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 64. Trends for the long-term trading history of Shiba Inu suggest that traders are currently neutral on the token.
Shiba Inu currently has a total market cap of $4,495,222,002.34 to go along with its average daily volume of $1,920,040,528.85 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 296,296,355.72 exchanged in that period.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a an average long-term technical score of 64 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
