CUTcoin (CUT) Falls 0%, Underperforms the Crypto Market Tuesday

Tuesday, April 04, 2023 02:56 PM | InvestorsObserver Analysts

CUTcoin (CUT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has fallen 0.03% to $0.007890425591.

InvestorsObserver is giving CUTcoin a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on CUTcoin!

Low Volatility

InvestorsObserver gives CUTcoin a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. CUT's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

CUTcoin price is in a good position going forward. With support near $0.0077141790619473 and resistance around $0.00801243278816147. This leaves CUTcoin 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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