HempCoin (THC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has dropped 5.98% to $0.002810676191.
InvestorsObserver is giving HempCoin a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on HempCoin!
Highly Volatile
InvestorsObserver gives HempCoin a high volatility rank of 81, placing it in the top 19% 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. THC's high volatility reading is coupled 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.
HempCoin price is trading near resistance. With support at $0.0026984756796108 and resistance around $0.00283633889466985. This leaves HempCoin with potential selling pressures ahead as it may be getting over extended.