Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has added 1.25% to $0.0000126745418.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 39, placing it in the bottom 39% of cryptos on the market.
The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day.
SHIB’s moderate volatility reading is coupled 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 near $0.0000122214609283317 and resistance set at $0.0000129537187595913. 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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