Shiba Inu receives a strong long-term technical score of 76 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 76% 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 $0.0000025 (24.98%) above its 100-day moving average price of $0.000009987 with its current price of $0.000012481. Meanwhile, Shiba Inu is $0.0000053 (-152835516.98%) above its 52-week low price of $0.000007197 and -$0.00001984 (-30942042.46%) below its 52-week high of $0.000032318. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 76. 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 $6,853,053,444.63 with an high average daily volume of $2,472,777,944.22 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 $424,540,438.74 exchanged in total.
Summary
SHIB’s historical trading over the past year gives it a a strong long-term technical score of 76 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
