Novacoin (NVC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has dropped 39.71% to $0.01061763177.
InvestorsObserver is giving Novacoin a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on Novacoin!
Highly Volatile
InvestorsObserver gives Novacoin a high volatility rank of 81, placing it in the top 19% 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. NVC's high volatility reading pairs 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.
Novacoin price is well positioned going forward. With support at $0.00711418291092844 and resistance around $0.0130177659309003. This positions Novacoin with room to run before facing selling pressures.