How Does it Rank Saturday on Long-Term Trading Metrics?

Shiba Inu receives a strong long-term technical score of 67 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 67% 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’.

InvestorsObserver is giving Shiba Inu a 67 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 -$0.0000017 (-14.60%) below its 100-day moving average price of $0.000011867 as its price at the moment sits at $0.000010134. Additionally, SHIB is $0.0000029 (-152835549.59%) higher than its 52-week low price of $0.000007197 while -$0.00007832 (-11305707.28%) 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 67. 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 $5,564,244,983.99 with an high average daily volume of $1,306,632,506.18 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 $174,828,156.62 exchanged in total.

Summary

Technical analysis of Shiba Inu over the past year results in the crypto receiving a a strong long-term technical score of 67 as its price movement in that time has given traders reason to be neutral on the token in the long-term.

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