InvestorsObserver gives Shiba Inu a strong long-term technical score of 93 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
SHIB at this time has a superior long-term technical analysis score than 93% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
SHIB is currently $0.0000005 (4.80%) above its 100-day moving average price of $0.000009447 with its current price of $0.000009900. Meanwhile, Shiba Inu is $0.0000042 (-192397918.22%) above its 52-week low price of $0.000005717 and -$0.00000384 (-72758896.22%) below its 52-week high of $0.000013744. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 93. 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 $5,834,159,341.58 with an high average daily volume of $1,503,749,117.64 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 $217,621,370.44 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 93 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
