Shiba Inu (SHIB) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Monday, the cryptocurrency has fallen 1.16% to $0.00001043672089.
Moderately volatile
InvestorsObserver gives Shiba Inu a Moderate Volatility Rank of 27, putting it in the bottom 27% of cryptocurrencies on the market.
The volatility indicator takes into account the meaning that one day will neither make nor break your ranking. SHIB's moderate volatility reading is combined with a low reading on the risk/reward indicator, meaning the token has moderate price swings and is well protected against price manipulation.
Shiba Inu price is trading near resistance. With support at $0.0000102162432986282 and resistance at $0.0000105026149858807. This positions Shiba Inu for potential selling pressures going forward as it may be overextending itself.
What is a token?
Tokens are digital assets that exist on the blockchain of another cryptocurrency.
