Is Shiba Inu (SHIB) Trending Lower or Higher Monday?

Shiba Inu receives a strong long-term technical score of 68 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 68% 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.

InvestorsObserver is giving Shiba Inu a 68 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Trading Analysis

Shiba Inu’s price is -$0.0000016 (-6.32%) below its 100-day moving average price of $0.000025090 as its price at the moment sits at $0.000023504. Additionally, SHIB is $0.0000227 (-1428568402.98%) higher than its 52-week low price of $0.000000770 while -$0.00006495 (-11305692.17%) under its 52-week high of $0.000088451. The current trading price in relation to its long-term average along with its 52-week high and low, gives SHIB a strong long-term technical score of 68. Long-term trading movement of Shiba Inu suggest that investors are neutral on the token at the moment.

Shiba Inu has a total market value of $12,904,914,946.68 with an high average daily volume of $4,772,502,694.08 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 $857,551,493.40 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 68 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).

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