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 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.