Crown (CRW) Rises 50.27%, Outperforms the Crypto Market Thursday

Thursday, August 11, 2022 07:24 PM | InvestorsObserver Analysts

Crown (CRW) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has increased 50.27% to $0.01629497557.

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

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Highly Volatile

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

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

Crown price is trading above resistance. With support near $0.00861896802086876 and resistance near $0.0149099616741066. This positions Crown 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.