Bolivarcoin (BOLI) Falls 0.23%, Underperforms the Crypto Market Saturday

Saturday, February 03, 2024 11:43 AM | InvestorsObserver Analysts

Bolivarcoin (BOLI) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has lost 23.06% to $0.004653980787.

InvestorsObserver is giving Bolivarcoin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bolivarcoin!

Highly Volatile

InvestorsObserver gives Bolivarcoin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BOLI's high volatility reading is paired 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.

Bolivarcoin price is in a favorable position going forward. With support around $0.00301567749594586 and resistance set at $0.00613327376087444. This leaves Bolivarcoin 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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