BOMB (BOMB) Falls 0.21%, Underperforms the Crypto Market Wednesday

Wednesday, May 17, 2023 02:05 PM | InvestorsObserver Analysts

BOMB (BOMB) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has lost 20.82% to $0.07716284959.

InvestorsObserver is giving BOMB a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on BOMB!

Highly Volatile

InvestorsObserver gives BOMB a high volatility rank of 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. BOMB's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

BOMB price is in a favorable position going forward. With support at $0.0511524835398828 and resistance near $0.0930760288408433. This leaves BOMB with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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