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Shiba Inu (SHIB): How Does the Chart Look Sunday?

Sunday, March 05, 2023 09:23 AM | InvestorsObserver Analysts
Shiba Inu (SHIB): How Does the Chart Look Sunday?

Shiba Inu receives an average long-term technical score of 62 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. SHIB currently holds a superior long-term technical analysis score than 62% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

Long-Term Technical - 62
InvestorsObserver is giving Shiba Inu a 62 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Trading Analysis

The current trading price of $0.000011237 for SHIB is $0.0000007 (6.47%) above the tokens 100-day moving average of $0.000010553. SHIB meanwhile is $0.0000040 (-152835534.27%) above its 52-week low of $0.000007197 and -$0.00001853 (-33589377.76%) under its 52-week high price of $0.000029771. Shiba Inu's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 62. The price movement and range of SHIB suggest that investors are neutral on the token at this time. Shiba Inu has a total market value of $6,169,655,532.80 with an high average daily volume of $1,365,574,078.00 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 $168,082,351.53 exchanged in total.

Summary

Trading patterns over the last year for Shiba Inu leads to the token's an average long-term technical score of 62 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on Shiba Inu (SHIB).

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