What do the Long-Term Technicals Predict for Shiba Inu (SHIB) Thursday?

Shiba Inu receives an average long-term technical score of 40 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.

Currently, SHIB holds a superior long-term technical analysis score than 40% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

Trading Analysis

Shiba Inu’s price is -$0.0000023 (-20.56%) below its 100-day moving average price of $0.000011329 as its price at the moment sits at $0.000009000. Additionally, SHIB is $0.0000018 (-152835565.35%) higher than its 52-week low price of $0.000007197 while -$0.00004498 (-18526238.87%) under its 52-week high of $0.000053977. The current trading price in relation to its long-term average along with its 52-week high and low, gives SHIB an average long-term technical score of 40. Long-term trading movement of Shiba Inu suggest that investors are bearish on the token at the moment.

Shiba Inu currently has a total market cap of $4,941,337,772.46 to go along with its average daily volume of $948,755,956.28 worth of the currency over the past seven days. SHIB’s volume is below its seven day average as of the past 24 hours, with 127,578,131.69 exchanged in that period.

Summary

Trading patterns over the last year for Shiba Inu leads to the token’s an average long-term technical score of 40 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token.

Click Here to get the full Report on Shiba Inu (SHIB).

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