Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has fallen 1.16% to $0.00001043672089.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
SHIB’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Shiba Inu price is trading near resistance. With support at $0.0000102162432986282 and resistance at $0.0000105026149858807. This positions Shiba Inu with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
