Oduwacoin (OWC) Falls 0.61%, Underperforms the Crypto Market Sunday

Sunday, March 19, 2023 06:32 AM | InvestorsObserver Analysts

Oduwacoin (OWC) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has dropped 61.06% to $0.1022613656.

InvestorsObserver is giving Oduwacoin a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Oduwacoin!

Highly Volatile

InvestorsObserver gives Oduwacoin a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. OWC'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.

Oduwacoin price is in a favorable position going forward. With support set at $0.0106945626809505 and resistance near $0.190662532336941. This positions Oduwacoin 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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