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CloakCoin (CLOAK) Rises 2.07%, Underperforms the Crypto Market Tuesday

Tuesday, November 28, 2023 02:26 PM | InvestorsObserver Analysts
CloakCoin (CLOAK) Rises 2.07%, Underperforms the Crypto Market Tuesday

CloakCoin (CLOAK) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has gained 2.07% to $0.09090133244.

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

Highly Volatile

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

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. CLOAK's high volatility reading pairs 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.

CloakCoin price is trading above resistance. With support near $0.0884472246339699 and resistance near $0.0898505638411423. This positions CloakCoin 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.

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