CyberMusic (CYMT), High Volatility and Rising Wednesday: Is it Time to Cash Out?

Wednesday, November 09, 2022 08:08 AM | InvestorsObserver Analysts

CyberMusic (CYMT) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has increased 1502.59% to $0.000006326162388.

InvestorsObserver is giving CyberMusic a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on CyberMusic!

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Highly Volatile

InvestorsObserver gives CyberMusic a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. CYMT's high volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

CyberMusic price is trading above resistance. With support at $0.000000360113983044548 and resistance at $0.00000042133522623063. This positions CyberMusic out of range and potentially in a volatile position if the rally burns out.