Shiba Inu receives a strong long-term technical score of 71 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 71% 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
The current trading price of $0.000010002 for SHIB is -$0.0000018 (-15.20%) below the tokens 100-day moving average of $0.000011796. SHIB meanwhile is $0.0000028 (-152835551.42%) above its 52-week low of $0.000007197 and -$0.00007845 (-11305707.43%) 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 71. The price movement and range of SHIB suggest that investors are neutral on the token at this time.
Shiba Inu currently has a total market cap of $5,491,960,713.56 to go along with its average daily volume of $817,872,064.98 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 111,373,385.17 exchanged in that period.
Summary
Trading patterns over the last year for Shiba Inu leads to the token’s a strong long-term technical score of 71 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
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