Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has dropped 4.97% to $0.00001243127283.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.
The Volatility Gauge takes into account 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 paired 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 $0.0000117488198472274 and resistance near $0.0000125698288999701. 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.
