FairCoin (FAIR), High Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, January 01, 2022 06:36 PM | InvestorsObserver Analysts

FairCoin (FAIR) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has fallen 44.94% to $0.01422771582.

InvestorsObserver is giving FairCoin a 97 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 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. FAIR's high volatility reading is paired 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 at $0.00684178501663257 and resistance around $0.0196949753194814. This positions 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.