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

Sunday, January 02, 2022 08:35 AM | InvestorsObserver Analysts
bAlpha (BALPHA), High Volatility and Falling Sunday: Is it Time to Cash Out?

bAlpha (BALPHA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has dropped 39.11% to $24.49.

volatility - 89
InvestorsObserver is giving bAlpha a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on bAlpha!

Highly Volatile

InvestorsObserver gives bAlpha a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. BALPHA'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.

bAlpha price is well positioned going forward. With support near $11.65 and resistance around $34.04. This leaves bAlpha 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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