Shiba Inu receives an average short-term technical ranking of 41 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. SHIB has a superior recent technical analysis than 41% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.
Trading Analysis
Shiba Inu is $0.000001 (7.58%) above its 30-day low of $0.000008577 while -$0.000003 (-22.17%) below its 30-day high of $0.00001186. In addition, SHIB’s current price of $0.000009227 is under its 30-day moving average price of $0.000010277, leading to an average short-term technical score. Overall the recent trading history of Shiba Inu suggest that investors are neutral on the token at the moment.
SHIB has a relatively high market cap for a token with a total market value of $5,437,499,884.33. Shiba Inu’s market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and SHIB meets that criteria. Shiba Inu’s average volume meanwhile is high with $855,679,701.26 worth of the token traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, SHIB’s volume is below its average with $202,316,020.37 exchanged.
Summary
Shiba Inu’s price movement over the past month has led to a an average short-term technical score due to recent trading giving more neutral signals for traders on the token’s short-term movement.
