Orbitcoin (ORB) Rises 2.28%, Underperforms the Crypto Market Friday

Friday, May 05, 2023 04:11 PM | InvestorsObserver Analysts

Orbitcoin (ORB) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Friday, the crypto has added 2.28% to $0.2536089497.

InvestorsObserver is giving Orbitcoin a 100 Volatility Rank. Find out what this means to you and get the rest of the rankings on Orbitcoin!

Highly Volatile

InvestorsObserver gives Orbitcoin a high volatility rank of 100, placing it in the top 0% of cryptos on the market.

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

Orbitcoin price is trading near resistance. With support set at $0.23854632327664 and resistance near $0.254263412452818. This positions Orbitcoin with potential selling pressures ahead as it may be getting over extended.

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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