Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has increased 0.81% to $0.00000911588619.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge tracks which means that one day won’t define its volatility rank – a trend will.
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 near resistance. With support around $0.00000895542065036291 and resistance near $0.00000916458897036076. This leaves 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.
