Shiba Inu (SHIB) Rises 3.18%, Outperforms the Crypto Market Thursday

Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has gained 3.18% to $0.000009144323386.

InvestorsObserver is giving Shiba Inu a 26 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Moderately Volatile

InvestorsObserver gives Shiba Inu a moderate volatility rank of 26, placing it in the bottom 26% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.

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 above resistance. With support near $0.00000875979786649876 and resistance at $0.00000902096017960755. This positions Shiba Inu out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency’s blockchain.