CashHand (CHND) Up 37.74% Wednesday: What's Next?

Wednesday, December 08, 2021 04:40 PM | InvestorsObserver Analysts

CashHand (CHND) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has added 37.74% to $0.0689425047.

InvestorsObserver is giving CashHand a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on CashHand!

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Highly Volatile

InvestorsObserver gives CashHand a high volatility rank of 81, placing it in the top 19% of cryptos on the market.

The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. CHND's high volatility reading is coupled 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.

CashHand price is trading above resistance. With support around $0.0406676057048208 and resistance set at $0.0687963749535447. This leaves CashHand 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.