AudioCoin (ADC), High Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, December 26, 2021 04:44 PM | InvestorsObserver Analysts

AudioCoin (ADC) has been relatively more volatile when compared to other cryptocurrencies. So far Sunday, the crypto has fallen 0.67% to $0.000507172597.

InvestorsObserver is giving AudioCoin a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on AudioCoin!

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Highly Volatile

InvestorsObserver gives AudioCoin a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ADC'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.

AudioCoin price is in a favorable position going forward. With support set at $0.000500434688944307 and resistance around $0.000509462813567308. This positions AudioCoin 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.