Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has added 0.04% to $0.000009162956285.
Moderately Volatile
InvestorsObserver gives Shiba Inu a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.
The Volatility Gauge tracks this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
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 in a good position going forward. With support near $0.00000890229371525273 and resistance set at $0.00000940265768240131. 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.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You’re all set to receive the Morning Update newsletter
