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Garlicoin (GRLC) Down 0.28% Saturday: What's Next?

Saturday, March 02, 2024 06:49 AM | InvestorsObserver Analysts
Garlicoin (GRLC) Down 0.28% Saturday: What's Next?

Garlicoin (GRLC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has dropped 27.61% to $0.01301436505.

volatility - 76
InvestorsObserver is giving Garlicoin a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on Garlicoin!

Highly Volatile

InvestorsObserver gives Garlicoin a high volatility rank of 76, placing it in the top 24% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. GRLC's high volatility reading is coupled 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.

Garlicoin price is in a favorable position going forward. With support near $0.0104801603944651 and resistance at $0.0140914903374067. This leaves Garlicoin 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.

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