Crystal Token (CYL), High Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, April 15, 2023 04:56 PM | InvestorsObserver Analysts

Crystal Token (CYL) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has lost 21.78% to $0.002260952158.

InvestorsObserver is giving Crystal Token a 85 Volatility Rank. Find out what this means to you and get the rest of the rankings on Crystal Token!

Highly Volatile

InvestorsObserver gives Crystal Token a high volatility rank of 85, placing it in the top 15% of cryptos on the market.

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

Crystal Token price is favorably positioned going forward. With support at $0.00147328808948972 and resistance around $0.00264790413480826. This leaves Crystal Token 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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