Shiba Inu (SHIB) Falls 0.02%, Underperforms the Crypto Market Friday

Friday, September 16, 2022 06:29 PM | InvestorsObserver Analysts

Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has lost 1.85% to $0.00001154988759.

InvestorsObserver is giving Shiba Inu a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shiba Inu!

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Moderately Volatile

InvestorsObserver gives Shiba Inu a moderate volatility rank of 36, placing it in the bottom 36% 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 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 well positioned going forward. With support set at $0.0000112727749554029 and resistance set at $0.0000118158015000223. This leaves Shiba Inu with room to run before facing selling pressures.