Is Shiba Inu (SHIB) Heading the Right Direction Tuesday?

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Tuesday, January 31, 2023 07:03 PM | InvestorsObserver Analysts

Shiba Inu receives a strong short-term technical score of 82 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the token by looking at the price movement to determine if it is trending in the right direction. SHIB holds a better recent technical analysis than 82% of tokens at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

Short-Term Technical - 82
InvestorsObserver is giving Shiba Inu a 82 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 $0.000004 (47.16%) above its 30-day low of $0.000008028 while -$0.000001 (-8.32%) below its 30-day high of $0.00001289. In addition, SHIB’s current price of $0.000011814 is above its 30-day moving average price of $0.000010200, leading to a strong short-term technical score. Overall the recent trading history of Shiba Inu suggest that investors are bullish on the token at the moment.

SHIB has a relatively high market cap for a token with a total market value of $6,486,763,803.92. 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 $2,040,130,977.83 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 $306,240,450.23 exchanged.


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).

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