Shiba Inu (SHIB) has a Neutral Sentiment Score, is Rising, and Outperforming the Crypto Market Sunday: What's Next?

Sunday, May 14, 2023 04:44 PM | InvestorsObserver Analysts

Shiba Inu (SHIB) gets a neutral rating from InvestorsObserver Sunday. The crypto is up 0.74% to $0.000008766986695 while the broader crypto market is up 0.09%.

Shiba Inu has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Shiba Inu!

Neutral

Over the last five days, Shiba Inu has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Shiba Inu over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Shiba Inu is currently trading near its midpoint for the past five-days. The crypto is 6.52% off its five-day high and is 2.76% higher than its five-day low of $0.00000853130768518895.

Shiba Inu price is trading near resistance. With support set around $0.00000864705320417843 and resistance at $0.00000880216024960819, could face selling pressures soon.

Shiba Inu has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Shiba Inu

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