Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has declined 0.78% to $0.000009611190048.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge analyzes meaning that one day won’t make or break its rank.
SHIB’s moderate volatility reading comes 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 favorably positioned going forward. With support near $0.00000934058502851525 and resistance around $0.00000990367684524512. This positions Shiba Inu with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
