Shiba Inu (SHIB) Rises 1.37%, Underperforms the Crypto Market Friday

Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has increased 1.37% to $0.000009088610337.

InvestorsObserver is giving Shiba Inu a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

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 follows this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.

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 above resistance. With support at $0.00000883544025280734 and resistance set at $0.00000906619633904647. This leaves Shiba Inu out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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