BoringDAO (BOR) Down 0.4% Sunday: What's Next?

Sunday, February 13, 2022 07:28 AM | InvestorsObserver Analysts

BoringDAO (BOR) has been relatively more volatile compared to the crypto market. So far Sunday, the Decentralized Finance has declined 39.75% to $322.75.

InvestorsObserver is giving BoringDAO a 78 Volatility Rank. Find out what this means to you and get the rest of the rankings on BoringDAO!

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Highly Volatile

InvestorsObserver gives BoringDAO a high volatility rank of 78, placing it in the top 22% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. BOR'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.

BoringDAO price is favorably positioned going forward. With support at $187.22 and resistance at $408.6. This positions BoringDAO with room to run before facing selling pressures.