Cheesecoin (CHEESE) Falls 0.42%, Underperforms the Crypto Market Saturday

Saturday, August 27, 2022 05:33 PM | InvestorsObserver Analysts

Cheesecoin (CHEESE) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has dropped 41.81% to $0.00006002292814.

InvestorsObserver is giving Cheesecoin a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cheesecoin!

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Highly Volatile

InvestorsObserver gives Cheesecoin a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. CHEESE's high volatility reading comes 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.

Cheesecoin price is trading near support. With support set at $0.0000592076301166305 and resistance at $0.0000672347575949022. This positions Cheesecoin space to rally before hitting resistance.

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.