BitSend (BSD) Rises 68.46%, Outperforms the Crypto Market Friday

Friday, October 07, 2022 06:57 AM | InvestorsObserver Analysts

BitSend (BSD) has been relatively more volatile compared to the crypto market. So far Friday, the crypto has added 68.46% to $0.0008482597729.

InvestorsObserver is giving BitSend a 91 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 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support around $0.000383127635284204 and resistance at $0.000739236400402028. This leaves BitSend out of range and potentially in a volatile position if the rally burns out.

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.