Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 1.75% to $0.0000107460203.
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 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 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 $0.0000104227919717151 and resistance around $0.0000108723179135186. 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.
