FairCoin (FAIR) Falls 0.68%, Underperforms the Crypto Market Monday

Monday, December 20, 2021 03:11 PM | InvestorsObserver Analysts

FairCoin (FAIR) has been relatively more volatile when compared to other cryptocurrencies. So far Monday, the crypto has lost 67.83% to $0.0304831901.

InvestorsObserver is giving FairCoin a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on FairCoin!

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Highly Volatile

InvestorsObserver gives FairCoin a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. FAIR's high volatility reading pairs 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.

FairCoin price is favorably positioned going forward. With support set at $0.00655386727754144 and resistance near $0.0631494646937039. This leaves FairCoin 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.