Coinsbit Token (CNB) Falls 0.18%, Underperforms the Crypto Market Tuesday

Tuesday, September 27, 2022 08:13 AM | InvestorsObserver Analysts

Coinsbit Token (CNB) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has dropped 17.75% to $0.0001173302875.

InvestorsObserver is giving Coinsbit Token a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Coinsbit Token!

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Highly Volatile

InvestorsObserver gives Coinsbit Token a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

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

Coinsbit Token price is well positioned going forward. With support at $0.0000976092855914169 and resistance set at $0.000135497365123839. This leaves Coinsbit Token with room to run before facing selling pressures.