Shido [New] Posts High Volatility in Crypto Market

Shido [New] (SHIDO) exhibits high volatility, ranking among the top 1% of cryptos. Its Volatility Gauge of 99 indicates significant price fluctuations. However, a low Risk/Reward Gauge suggests protection from price manipulation. Despite recent gains, SHIDO faces support at $0.00214015015154599 and resistance at $0.00240623133942007, indicating a favorable position for price growth.

Shido [New] Exhibits High Volatility in Crypto Market

Recent market analysis has revealed that Shido [New] (SHIDO) has demonstrated relatively greater volatility compared to the broader cryptocurrency market. As of Saturday, SHIDO has experienced a modest gain of 0.63%, bringing its current price to $0.0023051091.

Highly Volatile Asset

InvestorsObserver has assigned SHIDO a high volatility rank of 99, indicating its placement among the most volatile cryptos in the market, within the top 1%. This assessment is based on the Volatility Gauge, which measures recent price fluctuations rather than isolated negative market days.

Wide Price Swings, Low Risk

Notably, SHIDO's elevated volatility rating is juxtaposed with a low Risk/Reward Gauge reading. This suggests that while the token exhibits significant price swings, it is relatively well-protected against price manipulation.

Favorable Price Position

SHIDO's current price position is considered favorable. Support is observed at $0.00214015015154599, while resistance lies near $0.00240623133942007. This provides ample room for price appreciation before selling pressures are likely to be encountered.

Understanding Tokens

In the context of cryptocurrency, tokens are digital assets that exist within the blockchain of another cryptocurrency. These tokens often have specific functions or represent ownership or access to certain platforms or services.