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Chain (XCN) Rises 0.87%, Outperforms the Crypto Market Saturday

Saturday, August 27, 2022 07:58 AM | InvestorsObserver Analysts
Chain (XCN) Rises 0.87%, Outperforms the Crypto Market Saturday

Chain (XCN) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has increased 0.87% to $0.08462250495.

volatility - 15
InvestorsObserver is giving Chain a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chain!

Low Volatility

InvestorsObserver gives Chain a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. XCN's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.

Chain price is in a good position going forward. With support around $0.0829721560123673 and resistance at $0.0854213630202523. This leaves Chain with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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