Shiba Inu (SHIB) Down 0.08% Thursday: What’s Next?

Shiba Inu (SHIB) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has declined 7.67% to $0.00003012579351.

InvestorsObserver is giving Shiba Inu a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Low Volatility

InvestorsObserver gives Shiba Inu a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market.

The Volatility Gauge follows which means that one day won’t define its volatility rank – a trend will.

SHIB’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Shiba Inu price is trading near resistance. With support around $0.0000270243830422023 and resistance around $0.0000309383152747377. This positions 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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