InvestorsObserver gives Shiba Inu a strong long-term technical score of 80 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
SHIB at this time has a superior long-term technical analysis score than 80% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
Shiba Inu’s price is -$0.0000027 (-22.86%) below its 100-day moving average price of $0.000011704 as its price at the moment sits at $0.000009028. Additionally, SHIB is $0.0000018 (-152835564.95%) higher than its 52-week low price of $0.000007197 while -$0.00004701 (-17845117.42%) under its 52-week high of $0.000056038. 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 80. 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 $4,957,167,576.26 with an high average daily volume of $1,875,598,867.78 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 $297,387,710.56 exchanged in total.
Summary
SHIB’s historical trading over the past year gives it a a strong long-term technical score of 80 as its price movement in that time has given investors reason to be neutral on the token in the long-term.
Click Here to get the full Report on Shiba Inu (SHIB).
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
This news is republished from another source. You can check the original article here