Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has dropped 5.51% to $0.00001158031781.
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 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 around $0.000010942278086836 and resistance around $0.0000116996898130625. This positions 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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