Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has dropped 2.72% to $0.00001284797664.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 37, placing it in the bottom 37% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
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 near $0.0000123528719519749 and resistance near $0.0000130720694393171. 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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