Datacoin (DTC) Up 2.76% Thursday: What's Next?

Thursday, February 10, 2022 11:20 AM | InvestorsObserver Analysts

Datacoin (DTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has advanced 2.76% to $0.000450263085.

InvestorsObserver is giving Datacoin a 56 Volatility Rank. Find out what this means to you and get the rest of the rankings on Datacoin!

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Moderately Volatile

InvestorsObserver gives Datacoin a moderate volatility rank of 56, placing it in the top 44% 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. DTC'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.

Datacoin price is trading above resistance. With support set at $0.00043124017641697 and resistance at $0.000446188514919988. This leaves 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.