Shiba Inu (SHIB) Falls 0.03%, Underperforms the Crypto Market Monday

Monday, August 22, 2022 03:23 PM | InvestorsObserver Analysts

Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has declined 3.3% to $0.00001289406809.

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 tracks meaning that one day won't make or break its rank. SHIB's moderate volatility reading pairs 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 in a good position going forward. With support at $0.0000123087733675626 and resistance at $0.0000132033769125834. This positions Shiba Inu with room to run before facing selling pressures.