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Azbit (AZ) Falls 0.42%, Underperforms the Crypto Market Friday

Friday, January 28, 2022 08:41 AM | InvestorsObserver Analysts
Azbit (AZ) Falls 0.42%, Underperforms the Crypto Market Friday

Azbit (AZ) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has fallen 42.18% to $0.000006703827666.

volatility - 84
InvestorsObserver is giving Azbit a 84 Volatility Rank. Find out what this means to you and get the rest of the rankings on Azbit!

Highly Volatile

InvestorsObserver gives Azbit a high volatility rank of 84, placing it in the top 16% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. AZ's high volatility reading comes 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.

Azbit price is well positioned going forward. With support at $0.00000517221862107951 and resistance set at $0.00000792845504772819. This positions Azbit with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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