Bloom (BLT) Falls 0.74%, Underperforms the Crypto Market Wednesday

Wednesday, August 10, 2022 06:34 AM | InvestorsObserver Analysts

Bloom (BLT) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has fallen 74.4% to $0.006761394403.

InvestorsObserver is giving Bloom a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bloom!

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Highly Volatile

InvestorsObserver gives Bloom a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. BLT'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.

Bloom price is in a favorable position going forward. With support set at $-0.00417229910313576 and resistance near $0.019539490761911. This leaves Bloom with room to run before facing selling pressures.