Anoncoin (ANC), Moderate Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, November 12, 2022 09:18 AM | InvestorsObserver Analysts

Anoncoin (ANC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has dropped 1.91% to $0.01143000159.

InvestorsObserver is giving Anoncoin a 34 Volatility Rank. Find out what this means to you and get the rest of the rankings on Anoncoin!

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Moderately Volatile

InvestorsObserver gives Anoncoin a moderate volatility rank of 34, placing it in the bottom 34% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. ANC's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Anoncoin price is in a favorable position going forward. With support near $0.0109760182427468 and resistance set at $0.0117290921958389. This positions Anoncoin 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.