Anoncoin (ANC) Up 1.02% Saturday: What's Next?

Saturday, April 16, 2022 10:49 AM | InvestorsObserver Analysts

Anoncoin (ANC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has advanced 1.02% to $0.02105012003.

InvestorsObserver is giving Anoncoin a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Anoncoin!

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Highly Volatile

InvestorsObserver gives Anoncoin a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. ANC's high volatility reading comes 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.

Anoncoin price is in a good position going forward. With support around $0.0117157645906563 and resistance around $0.0390483498956318. This leaves 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.