Aidos Kuneen (ADK), High Volatility and Falling Monday: Is it Time to Cash Out?

Monday, July 18, 2022 04:30 PM | InvestorsObserver Analysts

Aidos Kuneen (ADK) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has fallen 32.41% to $0.1498553485.

InvestorsObserver is giving Aidos Kuneen a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Aidos Kuneen!

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Highly Volatile

InvestorsObserver gives Aidos Kuneen a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. ADK's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Aidos Kuneen price is in a good position going forward. With support around $0.0916253572581029 and resistance at $0.178728366482041. This positions Aidos Kuneen with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.