CUTcoin (CUT) Falls 0.11%, Underperforms the Crypto Market Sunday

Sunday, May 08, 2022 11:04 AM | InvestorsObserver Analysts

CUTcoin (CUT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has fallen 10.61% to $0.009650653696.

InvestorsObserver is giving CUTcoin a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on CUTcoin!

See Full Report

Highly Volatile

InvestorsObserver gives CUTcoin a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. CUT'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.

CUTcoin price is in a good position going forward. With support at $0.00797300451964417 and resistance around $0.0108749171865014. This leaves CUTcoin 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.