BitSend (BSD) Falls 0.24%, Underperforms the Crypto Market Monday

Monday, January 31, 2022 12:39 PM | InvestorsObserver Analysts

BitSend (BSD) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has fallen 24.42% to $0.001548965367.

InvestorsObserver is giving BitSend a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on BitSend!

See Full Report

Highly Volatile

InvestorsObserver gives BitSend a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. BSD's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

BitSend price is well positioned going forward. With support set at $0.00121610667886425 and resistance near $0.00166372836431701. This leaves BitSend 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.