Jigstack (STAK) Falls 0.2%, Underperforms the Crypto Market Wednesday

Wednesday, January 31, 2024 11:55 AM | InvestorsObserver Analysts

Jigstack (STAK) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has lost 20.07% to $0.0000139037434.

InvestorsObserver is giving Jigstack a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on Jigstack!

Highly Volatile

InvestorsObserver gives Jigstack a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. STAK's high volatility reading is paired 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.

Jigstack price is in a favorable position going forward. With support at $0.0000100308841302215 and resistance set at $0.0000169801776228744. This leaves Jigstack 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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