Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 0.5% to $0.00001203237567.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.
The Volatility Gauge analyzes 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 in a favorable position going forward. With support set at $0.0000118747377605465 and resistance at $0.0000121613295455169. This leaves 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.
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