Shiba Inu's Realized Volatility Tanks as Whale Moves 7T, Hits Record Low Against Dogecoin

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. SHIB's daily price chart in candlestick format. (TradingView/CoinDesk) [https://cdn.sanity.io/images/s3y3vcno/production/7c8ff577eedd56d94569a624785bff5636fd077a-2854x1402.png?auto=format] 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…