Shiba Inu receives a strong long-term technical score of 91 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 91% 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 -$0.0000070 (-40.76%) below its 100-day moving average price of $0.000017257 with its current price of $0.000010223. Meanwhile, Shiba Inu is $0.0000051 (-213178096.43%) above its 52-week low price of $0.000005160 and -$0.00007823 (-11305707.18%) below its 52-week high of $0.000088451. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 91. Trends for the long-term trading history of Shiba Inu suggest that traders are currently neutral on the token.
Shiba Inu has a total market value of $5,613,127,197.16 with an high average daily volume of $4,406,347,477.77 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 $677,556,767.12 exchanged in total.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a a strong long-term technical score of 91 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
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