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

Shiba Inu receives a strong long-term technical score of 76 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 76% 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 76 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Trading Analysis

SHIB is currently -$0.0000002 (-1.76%) below its 100-day moving average price of $0.000011834 with its current price of $0.000011626. Meanwhile, Shiba Inu is $0.0000044 (-152835528.86%) above its 52-week low price of $0.000007197 and -$0.00007683 (-11305705.60%) below its 52-week high of $0.000088451. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 76. Trends for the long-term trading history of Shiba Inu suggest that traders are currently neutral on the token.

Shiba Inu currently has a total market cap of $6,383,234,874.68 to go along with its average daily volume of $2,036,051,278.62 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 295,527,519.76 exchanged in that period.

Summary

Trading patterns over the last year for Shiba Inu leads to the token’s a strong long-term technical score of 76 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).