Shido [New] (SHIDO) Down 0.04% Thursday: What's Next?

Thursday, March 28, 2024 06:40 AM | InvestorsObserver Analysts

Shido [New] (SHIDO) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has declined 4.02% to $0.002747980547.

InvestorsObserver is giving Shido [New] a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on Shido [New]!

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Highly Volatile

InvestorsObserver gives Shido [New] a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. SHIDO's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Shido [New] price is in a favorable position going forward. With support near $0.00252692126616245 and resistance at $0.00282592610403305. This positions Shido [New] with room to run before facing selling pressures.