Shiba Monk (SHIBAMONK): How Does the Chart Look Tuesday?

Tuesday, December 14, 2021 06:29 AM | InvestorsObserver Analysts

Shiba Monk receives a weak short-term technical ranking of 10 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. SHIBAMONK has a superior recent technical analysis than 10% 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.

InvestorsObserver is giving Shiba Monk a 10 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Monk!
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Trading Analysis

Shiba Monk is $0.000000 (48.21%) higher than its 30-day low price of $0.000000002 while also $0.000000 (-86.44%) lower than its high of $0.00000002 from the past month of trading. Meanwhile, SHIBAMONK's current price of $0.000000002 is under than its average price of $0.000000003 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Shiba Monk suggest that traders are currently bearish on the token. Shiba Monk's market cap of $0.00 is relatively low for a token. Shiba Monk's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, SHIBAMONK's average volume is low with $777.22 worth of the token traded over an average 24 hour period. SHIBAMONK's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, SHIBAMONK's volume is below its usual with $124.45 exchanged.

Summary

Shiba Monk's trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future. Click Here to get the full Report on Shiba Monk (SHIBAMONK).

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