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Beam (BEAM) Down 0.2% Friday: What's Next?

Friday, December 08, 2023 09:45 AM | InvestorsObserver Analysts
Beam (BEAM) Down 0.2% Friday: What's Next?

Beam (BEAM) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has declined 19.82% to $0.1196025081.

volatility - 70
InvestorsObserver is giving Beam a 70 Volatility Rank. Find out what this means to you and get the rest of the rankings on Beam!

Moderately Volatile

InvestorsObserver gives Beam a moderate volatility rank of 70, placing it in the top 30% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BEAM's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Beam price is favorably positioned going forward. With support set at $0.10139572721164 and resistance near $0.135194660240815. This leaves Beam 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.

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