Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has dropped 5.97% to $0.00001097289606.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 43, placing it in the bottom 43% of cryptos on the market.
The Volatility Gauge analyzes this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
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 set at $0.0000102279226318499 and resistance near $0.0000112428177651165. 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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