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

Saturday, September 17, 2022 06:35 PM | InvestorsObserver Analysts

Shiba Inu receives a strong short-term technical ranking of 76 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. SHIB has a superior recent technical analysis than 76% 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 Inu a 76 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

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Trading Analysis

SHIB is currently $0.000001 (4.73%) above its 30-day low of $0.000011325 and -$0.000004 (-27.48%) below its 30-day high of $0.00001636. Additionally, SHIB is under its average price of $0.000012677 over the past month of trading with its current price of $0.000011861. Overall, the recent trading history of Shiba Inu suggest that traders are currently bullish on the token. Shiba Inu's market cap of $6,512,290,664.35 is relatively high for a token. Shiba Inu's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and SHIB meets that criteria. Meanwhile, SHIB's average volume is high with $1,914,156,243.43 worth of the token traded over an average 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the last 24 hours, SHIB's volume is below its usual with $181,183,587.19 exchanged.

Summary

Shiba Inu'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 Shiba Inu (SHIB).