Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has declined 3.3% to $0.00001289406809.
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 tracks meaning that one day won’t make or break its rank.
SHIB’s moderate volatility reading pairs 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 good position going forward. With support at $0.0000123087733675626 and resistance at $0.0000132033769125834. This positions 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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