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Birdchain (BIRD) Down 0.29% Wednesday: What's Next?

Wednesday, February 09, 2022 06:45 PM | InvestorsObserver Analysts
Birdchain (BIRD) Down 0.29% Wednesday: What's Next?

Birdchain (BIRD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has fallen 29.3% to $0.0007627655568.

volatility - 77
InvestorsObserver is giving Birdchain a 77 Volatility Rank. Find out what this means to you and get the rest of the rankings on Birdchain!

Highly Volatile

InvestorsObserver gives Birdchain a high volatility rank of 77, placing it in the top 23% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. BIRD's high volatility reading is paired 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.

Birdchain price is favorably positioned going forward. With support around $0.000299451469105377 and resistance set at $0.000979749635222076. This leaves Birdchain 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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