Is Shiba Inu (SHIB) Trending Lower or Higher Thursday?

Shiba Inu receives a strong long-term technical score of 74 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 74% 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.

InvestorsObserver is giving Shiba Inu a 74 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Trading Analysis

Shiba Inu’s price is -$0.0000024 (-17.11%) below its 100-day moving average price of $0.000014252 as its price at the moment sits at $0.000011813. Additionally, SHIB is $0.0000067 (-213178065.61%) higher than its 52-week low price of $0.000005160 while -$0.00007664 (-11305705.39%) under its 52-week high of $0.000088451. The current trading price in relation to its long-term average along with its 52-week high and low, gives SHIB a strong long-term technical score of 74. Long-term trading movement of Shiba Inu suggest that investors are neutral on the token at the moment.

Shiba Inu has a total market value of $6,486,122,838.32 with an high average daily volume of $6,606,546,215.36 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 $728,740,757.63 exchanged in total.

Summary

Trading patterns over the last year for Shiba Inu leads to the token’s a strong long-term technical score of 74 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.

Click Here to get the full Report on Shiba Inu (SHIB).