Shiba Inu (SHIB) Down 0.05% Monday: What’s Next?

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 is giving Shiba Inu a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

Moderately Volatile

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.

Stay In The Know

Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.

Thank you for signing up! You’re all set to receive the Morning Update newsletter