News Home

Axe (AXE) Falls 0.49%, Underperforms the Crypto Market Monday

Monday, June 13, 2022 10:21 AM | InvestorsObserver Analysts
Axe (AXE) Falls 0.49%, Underperforms the Crypto Market Monday

Axe (AXE) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has fallen 48.97% to $0.01443979197.

volatility - 92
InvestorsObserver is giving Axe a 92 Volatility Rank. Find out what this means to you and get the rest of the rankings on Axe!

Highly Volatile

InvestorsObserver gives Axe a high volatility rank of 92, placing it in the top 8% 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. AXE's high volatility reading pairs 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.

Axe price is favorably positioned going forward. With support near $0.00920274425791722 and resistance near $0.0196984367494486. This positions Axe 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.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App