Shiba Inu (SHIB) gets a bearish rating from InvestorsObserver Wednesday. The token is down 0.05% to $0.00000886071846 while the broader crypto market is up 0.6%.
Bearish
Over the last five days, Shiba Inu has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Shiba Inu over the past five days by volume and price movement.
The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.
Price Levels
Shiba Inu is currently trading near its five-day low of $0.00000880551851878408. The token is 3.17% off its five-day high and is 0.63% higher than its five-day low of $0.00000880551851878408.
Shiba Inu price is comfortably positioned between support and resistance. With support set around $0.00000881771271178618 and resistance at $0.00000892366065909041, has some room to run before facing resistance.
Shiba Inu has traded on low volume recently. This means that today’s volume is below its average volume over the past seven days.
What is a token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Due to a lack of data, this crypto may be less suitable for some investors.
