DMarket (DMT) Rises 69.34%, Outperforms the Crypto Market Sunday

Sunday, May 15, 2022 01:40 PM | InvestorsObserver Analysts

DMarket (DMT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Art, Collectibles and Non-Fungible Tokens has advanced 69.34% to $0.006327767203.

InvestorsObserver is giving DMarket a 80 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 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. 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 above resistance. With support set at $0.00226838487581268 and resistance around $0.00630014107012108. This leaves DMarket out of range and potentially in a volatile position if the rally burns out.