Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has declined 3.08% to $0.00001194187809.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.
The Volatility Gauge tracks meaning that one day won’t make or break its rank.
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 trading near resistance. With support set at $0.0000115722058310255 and resistance near $0.0000120075491124496. This leaves 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.
