Dimecoin (DIME) Down 0.01% Friday: What's Next?

Friday, March 29, 2024 09:16 AM | InvestorsObserver Analysts

Dimecoin (DIME) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has dropped 0.86% to $0.00003535619017.

InvestorsObserver is giving Dimecoin a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Dimecoin!

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Moderately Volatile

InvestorsObserver gives Dimecoin a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. DIME'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.

Dimecoin price is well positioned going forward. With support at $0.0000344701025116057 and resistance around $0.0000358662096206364. This leaves Dimecoin 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.