Aidos Kuneen (ADK) Rises 2.78%, Underperforms the Crypto Market Wednesday

Wednesday, May 04, 2022 06:11 PM | InvestorsObserver Analysts

Aidos Kuneen (ADK) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has advanced 2.78% to $0.2522304633.

InvestorsObserver is giving Aidos Kuneen a 45 Volatility Rank. Find out what this means to you and get the rest of the rankings on Aidos Kuneen!

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Moderately Volatile

InvestorsObserver gives Aidos Kuneen a moderate volatility rank of 45, placing it in the bottom 45% 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. ADK's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Aidos Kuneen price is trading near resistance. With support around $0.236497491491228 and resistance near $0.255264237416178. This positions Aidos Kuneen with potential selling pressures ahead as it may be getting over extended.

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.