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

Sunday, December 03, 2023 10:31 AM | InvestorsObserver Analysts
Beefy (BIFI), High Volatility and Falling Sunday: Is it Time to Cash Out?

Beefy (BIFI) has been relatively more volatile compared to the crypto market. So far Sunday, the Decentralized Finance has declined 0.6% to $382.98.

volatility - 96
InvestorsObserver is giving Beefy a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on Beefy!

Highly Volatile

InvestorsObserver gives Beefy a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. BIFI'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.

Beefy price is favorably positioned going forward. With support at $378.86 and resistance set at $385.67. This positions Beefy 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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