Shiba Inu receives an average short-term technical ranking of 65 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SHIB has a superior recent technical analysis than 65% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
Trading Analysis
Shiba Inu is $0.000001 (7.99%) higher than its 30-day low price of $0.000008574 while also -$0.000002 (-17.69%) lower than its high of $0.00001125 from the past month of trading. Meanwhile, SHIB’s current price of $0.000009259 is under its average price of $0.000010111 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Shiba Inu suggest that traders are currently neutral on the token.
SHIB has a relatively high market cap for a token with a total market value of $5,456,406,519.89. Shiba Inu’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and SHIB meets that criteria. Shiba Inu’s average volume meanwhile is high with $1,040,267,876.57 worth of the token traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, SHIB’s volume is below its average with $139,889,995.92 exchanged.
Summary
Shiba Inu’s price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token’s short-term movement.
