BitSend (BSD) Falls 0.46%, Underperforms the Crypto Market Monday

Monday, September 26, 2022 06:32 AM | InvestorsObserver Analysts

BitSend (BSD) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has lost 45.79% to $0.000515875131.

InvestorsObserver is giving BitSend a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on BitSend!

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Highly Volatile

InvestorsObserver gives BitSend a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. BSD's high volatility reading comes 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 favorably positioned going forward. With support at $0.000254008992870001 and resistance at $0.00070448285370752. This positions 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.