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What's Next for Bearish Rated Shiba Inu (SHIB)?

Tuesday, May 09, 2023 04:02 PM | InvestorsObserver Analysts
What's Next for Bearish Rated Shiba Inu (SHIB)?

Shiba Inu (SHIB) gets a bearish rating from InvestorsObserver Tuesday. The token is up 0.25% to $0.000008958797775 while the broader crypto market is up 0.85%.

Sentiment Score - ,
Shiba Inu has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Shiba Inu!

Bearish

Over the last five days, Shiba Inu has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Shiba Inu over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Shiba Inu is currently trading near its midpoint for the past five-days. The token is 12.04% off its five-day high and is 4.86% higher than its five-day low of $0.00000854353311297018.

Shiba Inu price is favorably positioned between support and resistance. With support set around $0.00000852703073997126 and resistance at $0.00000936242617990664, has some room to run before facing resistance.

Shiba Inu has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Shiba Inu

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