InvestorsObserver gives Shiba Inu a strong short-term technical score of 92 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 92% 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
SHIB is currently $0.000004 (43.56%) above its 30-day low of $0.000008734 and -$0.000003 (-19.75%) below its 30-day high of $0.00001562. Additionally, SHIB is above its average price of $0.000011886 over the past month of trading with its current price of $0.000012538. Overall, 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 $6,884,338,880.38. 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 $2,717,566,392.86 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 $468,087,594.93 exchanged.
Summary
Shiba Inu’s trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.
