Shiba Inu receives a weak long-term technical score of 23 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, SHIB holds a superior long-term technical analysis score than 23% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.
Trading Analysis
Shiba Inu’s price is -$0.0000016 (-13.71%) below its 100-day moving average price of $0.000011491 as its price at the moment sits at $0.000009916. Additionally, SHIB is $0.0000027 (-152835552.61%) higher than its 52-week low price of $0.000007197 while -$0.00001201 (-45607749.79%) under its 52-week high of $0.000021926. The current trading price in relation to its long-term average along with its 52-week high and low, gives SHIB an average long-term technical score of 23. Long-term trading movement of Shiba Inu suggest that investors are bearish on the token at the moment.
Shiba Inu has a total market value of $5,846,101,856.85 with an high average daily volume of $924,530,914.61 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 $127,564,624.28 exchanged in total.
Summary
Trading patterns over the last year for Shiba Inu leads to the token’s a weak long-term technical score of 23 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.
