DigitalNote (XDN) Down 0.29% Saturday: What's Next?

Saturday, April 01, 2023 09:27 AM | InvestorsObserver Analysts

DigitalNote (XDN) has been relatively more volatile compared to the crypto market. So far Saturday, the Digital Money has lost 29.21% to $0.00006710303841.

InvestorsObserver is giving DigitalNote a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on DigitalNote!

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Highly Volatile

InvestorsObserver gives DigitalNote a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. XDN's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

DigitalNote price is well positioned going forward. With support around $0.0000485433080639381 and resistance set at $0.0000788970607272972. This positions DigitalNote with room to run before facing selling pressures.

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.