Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has dropped 1.53% to $0.00001116405142.
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 meaning that one day won’t make or break its rank.
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 trading near resistance. With support near $0.0000109145084552291 and resistance at $0.0000112429351774916. 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.
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