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Aion (AION) Rises 28.73%, Outperforms the Crypto Market Wednesday

Wednesday, June 07, 2023 07:42 PM | InvestorsObserver Analysts
Aion (AION) Rises 28.73%, Outperforms the Crypto Market Wednesday

Aion (AION) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Payments/Other has increased 28.73% to $0.0009400789225.

volatility - 82
InvestorsObserver is giving Aion a 82 Volatility Rank. Find out what this means to you and get the rest of the rankings on Aion!

Highly Volatile

InvestorsObserver gives Aion a high volatility rank of 82, placing it in the top 18% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. AION'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.

Aion price is trading above resistance. With support around $0.000652796043668636 and resistance around $0.000884546585966596. This positions Aion out of range and potentially in a volatile position if the rally burns out.

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.

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