PalGold (PALG) Falls 0.3%, Underperforms the Crypto Market Monday

Monday, June 12, 2023 03:57 PM | InvestorsObserver Analysts

PalGold (PALG) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has declined 29.85% to $0.0001129845422.

InvestorsObserver is giving PalGold a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on PalGold!

Highly Volatile

InvestorsObserver gives PalGold a high volatility rank of 98, placing it in the top 2% 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. PALG'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.

PalGold price is well positioned going forward. With support at $-0.0000147786384972504 and resistance set at $0.000364596208900889. This positions PalGold 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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