Donu (DONU) Down 0.06% Tuesday: What's Next?

Tuesday, April 02, 2024 08:05 AM | InvestorsObserver Analysts

Donu (DONU) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has declined 5.95% to $0.0006538455343.

InvestorsObserver is giving Donu a 16 Volatility Rank. Find out what this means to you and get the rest of the rankings on Donu!

See Full Report

Low Volatility

InvestorsObserver gives Donu a low volatility rank of 16, placing it in the bottom 16% 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. DONU's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Donu price is trading near resistance. With support set at $0.000627794677928895 and resistance at $0.000659855923221321. This positions Donu with potential selling pressures ahead as it may be getting over extended.

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.