DMarket (DMT), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, June 02, 2022 03:24 PM | InvestorsObserver Analysts

DMarket (DMT) has been relatively more volatile compared to the crypto market. So far Thursday, the Art, Collectibles and Non-Fungible Tokens has increased 74.23% to $0.004212816265.

InvestorsObserver is giving DMarket a 86 Volatility Rank. Find out what this means to you and get the rest of the rankings on DMarket!

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Highly Volatile

InvestorsObserver gives DMarket a high volatility rank of 86, placing it in the top 14% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. DMT'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.

DMarket price is trading near resistance. With support at $0.00123439191462172 and resistance around $0.00474017204338384. This leaves DMarket with potential selling pressures ahead as it may be getting over extended.