Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has declined 4.9% to $0.000008550640435.
InvestorsObserver gives Shiba Inu a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the market.
The Volatility Gauge follows 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 near resistance. With support set at $0.00000818298051476162 and resistance at $0.00000866951925294856. 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.
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