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Freedomcoin (FREED) Rises 41.55%, Outperforms the Crypto Market Tuesday

Tuesday, March 22, 2022 03:53 PM | InvestorsObserver Analysts
Freedomcoin (FREED) Rises 41.55%, Outperforms the Crypto Market Tuesday

Freedomcoin (FREED) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has gained 41.55% to $0.04938308103.

volatility - 81
InvestorsObserver is giving Freedomcoin a 81 Volatility Rank. Find out what this means to you and get the rest of the rankings on Freedomcoin!

Highly Volatile

InvestorsObserver gives Freedomcoin a high volatility rank of 81, placing it in the top 19% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. FREED'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.

Freedomcoin price is trading near resistance. With support set at $0.0268835803945586 and resistance around $0.0508724568863437. This positions Freedomcoin 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.

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