Arcona (ARCONA) Falls 0.34%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 07:36 PM | InvestorsObserver Analysts

Arcona (ARCONA) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has fallen 33.62% to $0.0454379943.

InvestorsObserver is giving Arcona a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on Arcona!

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Highly Volatile

InvestorsObserver gives Arcona a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. ARCONA's high volatility reading pairs 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.

Arcona price is in a good position going forward. With support set at $0.0279553676657329 and resistance near $0.0615359390787731. This leaves Arcona with room to run before facing selling pressures.