DeRace (DERC) Rises 8.08%, Outperforms the Crypto Market Friday

Friday, March 17, 2023 07:57 PM | InvestorsObserver Analysts

DeRace (DERC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has gained 8.08% to $0.2550229997.

InvestorsObserver is giving DeRace a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on DeRace!

Moderately Volatile

InvestorsObserver gives DeRace a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. DERC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

DeRace price is trading above resistance. With support near $0.232719600966872 and resistance around $0.241223157218398. This leaves DeRace out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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