What do the Long-Term Technicals Predict for Shiba Inu (SHIB) Monday?

Shiba Inu receives a strong long-term technical score of 95 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 95% 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 95 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Trading Analysis

The current trading price of $0.000011045 for SHIB is -$0.0000046 (-29.55%) below the tokens 100-day moving average of $0.000015677. SHIB meanwhile is $0.0000059 (-213178080.50%) above its 52-week low of $0.000005160 and -$0.00007741 (-11305706.25%) under its 52-week high price of $0.000088451. Shiba Inu’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 95. The price movement and range of SHIB suggest that investors are neutral on the token at this time.

Shiba Inu has a total market value of $6,064,368,744.75 with an high average daily volume of $3,256,175,764.18 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 $307,889,534.65 exchanged in total.

Summary

Technical analysis of Shiba Inu over the past year results in the crypto receiving a a strong long-term technical score of 95 as its price movement in that time has given traders reason to be neutral on the token in the long-term.

Click Here to get the full Report on Shiba Inu (SHIB).