Datacoin (DTC) Rises 2.91%, Outperforms the Crypto Market Thursday

Thursday, March 24, 2022 07:54 PM | InvestorsObserver Analysts

Datacoin (DTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Thursday, the crypto has gained 2.91% to $0.0004395941893.

InvestorsObserver is giving Datacoin a 11 Volatility Rank. Find out what this means to you and get the rest of the rankings on Datacoin!

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Low Volatility

InvestorsObserver gives Datacoin a low volatility rank of 11, placing it in the bottom 11% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. DTC'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.

Datacoin price is trading above resistance. With support around $0.000420980860297595 and resistance at $0.000431140832887058. This positions Datacoin out of range and potentially in a volatile position if the rally burns out.

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.