Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has gained 0.97% to $0.00001034894445.
InvestorsObserver gives Shiba Inu a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.
The Volatility Gauge analyzes which means that one day won’t define its volatility rank – a trend will.
SHIB’s moderate volatility reading pairs 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 at $0.0000101697244282248 and resistance set at $0.0000103478116762842. 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.
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