Datamine (DAM) Rises 61.14%, Outperforms the Crypto Market Friday
Friday, April 22, 2022 09:29 AM | InvestorsObserver Analysts
Datamine (DAM) has been relatively more volatile compared to the crypto market. So far Friday, the Decentralized Finance has increased 61.14% to $0.07354146308.
InvestorsObserver is giving Datamine a 82 Volatility Rank. Find out what this means to you and get the rest of the rankings on Datamine!
InvestorsObserver gives Datamine a high volatility rank of 82, placing it in the top 18% 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.
DAM's high volatility reading pairs 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.
Datamine price is trading above resistance. With support set at $0.0366296700851607 and resistance set at $0.0607362098710227. This leaves Datamine out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
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