Shiba Inu receives an average long-term technical score of 64 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 64% 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
The current trading price of $0.000009299 for SHIB is $0.0000004 (4.70%) above the tokens 100-day moving average of $0.000008882. SHIB meanwhile is $0.0000036 (-192397928.74%) above its 52-week low of $0.000005717 and -$0.00000633 (-64000116.26%) under its 52-week high price of $0.000015625. Shiba Inu’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 64. The price movement and range of SHIB suggest that investors are neutral on the token at this time.
Shiba Inu currently has a total market cap of $5,479,785,869.71 to go along with its average daily volume of $749,771,223.55 worth of the currency over the past seven days. SHIB’s volume is below its seven day average as of the past 24 hours, with 110,019,737.35 exchanged in that period.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a an average long-term technical score of 64 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
