Aion (AION) Falls 0.53%, Underperforms the Crypto Market Sunday

Sunday, May 14, 2023 10:51 AM | InvestorsObserver Analysts

Aion (AION) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the Payments/Other has dropped 53.06% to $0.0007550391275.

InvestorsObserver is giving Aion a 97 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 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. 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 favorably positioned going forward. With support set at $0.000239163900201435 and resistance at $0.00118262067664158. This positions Aion 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.

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