ReddCoin (RDD) Rises 94.81%, Outperforms the Crypto Market Wednesday

Wednesday, April 26, 2023 12:45 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the Content has added 94.81% to $0.0001441491244.

InvestorsObserver is giving ReddCoin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

Highly Volatile

InvestorsObserver gives ReddCoin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

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

ReddCoin price is trading above resistance. With support set at $0.0000649784929735961 and resistance around $0.0000910238237155045. This positions ReddCoin out of range and potentially in a volatile position if the rally burns out.

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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