Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has lost 1.85% to $0.00001154988759.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the market.
The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.
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 well positioned going forward. With support set at $0.0000112727749554029 and resistance set at $0.0000118158015000223. 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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