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SHIBA INU (SHIB) What Does the Chart Say Wednesday?

Wednesday, December 01, 2021 08:18 PM | InvestorsObserver Analysts
SHIBA INU (SHIB) What Does the Chart Say Wednesday?

InvestorsObserver gives SHIBA INU a weak short-term technical score of 12 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. SHIB has currently traded better than 12% 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.

Short-Term Technical - 12
InvestorsObserver is giving SHIBA INU a 12 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on SHIBA INU!

Trading Analysis

SHIBA INU is $0.00 (18.88%) above its 30-day low of $0.00 while $0.00 (-42.87%) below its 30-day high of $0.00. In addition, SHIB's current price of $0.00 is under its 30-day moving average price of $0.00, leading to its a weak short-term technical score. Overall the recent trading history of SHIBA INU suggest that investors are bearish on the token at the moment. SHIB has a relatively high market cap for a token with a total market value of $23,489,366,500.04. 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. SHIBA INU's average volume meanwhile is high with $60,946,036,696.62 worth of the token traded over a typical 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. As of the past 24 hours, SHIB's volume is below its average with $3,450,873,036.54 exchanged.

Summary

SHIBA INU'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 INU (SHIB).

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