Cream (CRM) Rises 9.24%, Outperforms the Crypto Market Sunday

Sunday, October 16, 2022 07:48 AM | InvestorsObserver Analysts

Cream (CRM) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has increased 9.24% to $0.0001691321583.

InvestorsObserver is giving Cream a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cream!

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Highly Volatile

InvestorsObserver gives Cream a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

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

Cream price is trading above resistance. With support near $0.000151803217858586 and resistance set at $0.000159670347028922. This leaves Cream 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.