source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
2025. Sep. 18. 14:40
Volatility in shiba inu's (SHIB) dollar-denominated price has plummeted, while the token continues to lose ground against its peer, dogecoin (DOGE).
SHIB's 90-day realized volatility has dropped to an annualized 64%, the lowest since December 2023, according to data source TradingView. Realized volatility measures how much an asset’s price has actually fluctuated over a specific past period. In other words, it quantifies the price swings that have already happened, giving a view of historical price turbulence.
Since May, the cryptocurrency has entered a narrowing price range, characterized by converging trendlines that connect lower highs and higher lows. The direction in which the range eventually resolves will likely set the tone for the next big move.
In the past 24 hours, SHIB's dollar-denominated price has gained over 2%. According to CoinDesk analytics, the token achieved a notable technical breakthrough, reaching an intraday peak of $0.000013584 at 22:00 on Sept. 17, underpinned by extraordinary trading volumes of 2.08 trillion tokens.
Notably, critical resistance materialized around the $0.000013584 threshold, where price action reversed amid heightened volume, whilst robust support established itself near $0.000012882, delineating a trading corridor of $0.000007020 or 5%.
Amid this, whale activity intensified, with over 7 trillion tokens moved on-chain on Saturday, including 512 billion SHIB transferred from Kraken to undisclosed addresses.
The Binance-listed SHIB-DOGE pair, which represents SHIB's price relative to DOGE, has dropped to 0.0000472, the lowest since the exchange listed the pair in November 2021.
The pair has recently dived out of a sideways pattern, marking a continuation of the prolonged downtrend from March 2024 highs. The outlook for SHIB relative to DOGE will remain bearish while the downtrend remains intact.