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DeFrogs (DEFROGS), High Volatility and Falling Tuesday: Is it Time to Cash Out?

Tuesday, February 27, 2024 07:52 PM | InvestorsObserver Analysts
DeFrogs (DEFROGS), High Volatility and Falling Tuesday: Is it Time to Cash Out?

DeFrogs (DEFROGS) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has lost 21.36% to $824.38.

volatility - 94
InvestorsObserver is giving DeFrogs a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on DeFrogs!

Highly Volatile

InvestorsObserver gives DeFrogs a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. DEFROGS's high volatility reading is coupled 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.

DeFrogs price is well positioned going forward. With support set at $663.77 and resistance around $887.2. This positions DeFrogs with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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