CUTcoin (CUT) Rises 3.25%, Underperforms the Crypto Market Monday

Monday, July 04, 2022 03:21 PM | InvestorsObserver Analysts

CUTcoin (CUT) has been relatively more volatile compared to the crypto market. So far Monday, the crypto has increased 3.25% to $0.003176520228.

InvestorsObserver is giving CUTcoin a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on CUTcoin!

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Highly Volatile

InvestorsObserver gives CUTcoin a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

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

CUTcoin price is trading near resistance. With support around $0.00300598629223723 and resistance near $0.00321329660187084. This positions CUTcoin with potential selling pressures ahead as it may be getting over extended.

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.