Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has dropped 1.79% to $0.00001092939786.
InvestorsObservergives Shiba Inu a moderate volatility rank of 27, placing it in the bottom 27% 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 set at $0.0000107937993790884 and resistance near $0.0000109279271102323. 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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