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Cryptonex (CNX), Low Volatility but Rising Saturday: Is it Time to Cash Out?

Saturday, June 03, 2023 09:12 AM | InvestorsObserver Analysts
Cryptonex (CNX), Low Volatility but Rising Saturday: Is it Time to Cash Out?

Cryptonex (CNX) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has advanced 0.15% to $19.83.

volatility - 16
InvestorsObserver is giving Cryptonex a 16 Volatility Rank. Find out what this means to you and get the rest of the rankings on Cryptonex!

Low Volatility

InvestorsObserver gives Cryptonex a low volatility rank of 16, placing it in the bottom 16% 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. CNX's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Cryptonex price is in a favorable position going forward. With support set at $19.5 and resistance at $20.01. This leaves Cryptonex with room to run before facing selling pressures.

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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