Shiba Inu receives an average long-term technical score of 43 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
SHIB currently holds a superior long-term technical analysis score than 43% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.
Trading Analysis
SHIB is currently -$0.0000019 (-18.72%) below its 100-day moving average price of $0.000010354 with its current price of $0.000008415. Meanwhile, Shiba Inu is $0.0000012 (-152835573.47%) above its 52-week low price of $0.000007197 and -$0.00003144 (-25091384.75%) below its 52-week high of $0.000039854. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 43. 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 $4,620,545,607.87 with an high average daily volume of $11,137,718,194.75 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 $167,038,619.18 exchanged in total.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a an average long-term technical score of 43 as its price movement in that time has given traders reason to be bearish on the token in the long-term.
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