Shiba Inu (SHIB) Up 4.78% Thursday: What's Next?

Thursday, October 27, 2022 09:56 AM | InvestorsObserver Analysts

Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has added 4.78% to $0.00001095371602.

InvestorsObserver is giving Shiba Inu a 30 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 30, placing it in the bottom 30% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. SHIB's moderate volatility reading comes 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 above resistance. With support at $0.000010162910319924 and resistance around $0.0000107900623959732. This leaves Shiba Inu out of range and potentially in a volatile position if the rally burns out.