Is BitShiba (SHIBA) Trending Lower or Higher Tuesday?

Tuesday, December 28, 2021 08:48 AM | InvestorsObserver Analysts

InvestorsObserver gives BitShiba a strong short-term technical score of 88 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. SHIBA has currently traded better than 88% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving BitShiba a 88 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on BitShiba!

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Trading Analysis

BitShiba is $0.000000 (42.86%) higher than its 30-day low price of $0.000000057 while also $0.000000 (-26.23%) lower than its high of $0.00000011 from the past month of trading. Meanwhile, SHIBA's current price of $0.000000081 is above than its average price of $0.000000076 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of BitShiba suggest that traders are currently bullish on the token. SHIBA has a relatively low market cap for a token with a total market value of $0.00. BitShiba'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. BitShiba's average volume meanwhile is low with $4,947,733.39 worth of the token traded over a typical 24 hour period. SHIBA'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. As of the past 24 hours, SHIBA's volume is below its average with $716,205.46 exchanged.

Summary

BitShiba's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on BitShiba (SHIBA).