Shiba Inu receives a strong long-term technical score of 86 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 86% 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
Shiba Inu’s price is $0.0000042 (42.40%) above its 100-day moving average price of $0.000009949 as its price at the moment sits at $0.000014168. Additionally, SHIB is $0.0000070 (-152835493.55%) higher than its 52-week low price of $0.000007197 while -$0.00002073 (-28655186.99%) under its 52-week high of $0.000034898. 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 86. Long-term trading movement of Shiba Inu suggest that investors are neutral on the token at the moment.
Shiba Inu currently has a total market cap of $7,778,891,411.21 to go along with its average daily volume of $3,595,666,138.71 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 430,756,470.41 exchanged in that period.
Summary
Technical analysis of Shiba Inu over the past year results in the crypto receiving a a strong long-term technical score of 86 as its price movement in that time has given traders reason to be neutral on the token in the long-term.
