GCN Coin (GCN) Down 0.4% Sunday: What's Next?

Sunday, January 16, 2022 10:37 AM | InvestorsObserver Analysts

GCN Coin (GCN) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has declined 40.41% to $0.0000003706609065.

InvestorsObserver is giving GCN Coin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on GCN Coin!

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Highly Volatile

InvestorsObserver gives GCN Coin a high volatility rank of 87, placing it in the top 13% 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. GCN's high volatility reading comes 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.

GCN Coin price is well positioned going forward. With support near $0.000000154425296556311 and resistance set at $0.000000502700916455452. This positions GCN Coin 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.