Phoneum (PHT) Falls 0%, Outperforms the Crypto Market Wednesday

Wednesday, August 23, 2023 08:48 AM | InvestorsObserver Analysts

Phoneum (PHT) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has dropped 0.03% to $0.00001419153153.

InvestorsObserver is giving Phoneum a 1 Volatility Rank. Find out what this means to you and get the rest of the rankings on Phoneum!

Low Volatility

InvestorsObserver gives Phoneum a low volatility rank of 1, placing it in the bottom 1% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. PHT's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Phoneum price is favorably positioned going forward. With support set at $0.0000141718957293802 and resistance at $0.0000142036998496065. This positions Phoneum with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Share this article: