CUTcoin (CUT) Falls 0%, Underperforms the Crypto Market Saturday

Saturday, March 05, 2022 04:52 PM | InvestorsObserver Analysts

CUTcoin (CUT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has lost 0.02% to $0.06815627233.

InvestorsObserver is giving CUTcoin a 50 Volatility Rank. Find out what this means to you and get the rest of the rankings on CUTcoin!

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Moderately Volatile

InvestorsObserver gives CUTcoin a moderate volatility rank of 50, placing it in the top 50% 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. CUT's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

CUTcoin price is in a favorable position going forward. With support at $0.0656293796077383 and resistance near $0.0719666199460638. This positions 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.