GeyserCoin (GSR) Down 0.52% Friday: What's Next?

Friday, January 14, 2022 09:42 AM | InvestorsObserver Analysts

GeyserCoin (GSR) has been relatively more volatile compared to the crypto market. So far Friday, the crypto has declined 52.16% to $0.004656329385.

InvestorsObserver is giving GeyserCoin a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on GeyserCoin!

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Highly Volatile

InvestorsObserver gives GeyserCoin a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. GSR'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.

GeyserCoin price is well positioned going forward. With support around $0.00159678494785602 and resistance at $0.0104031835519212. This positions GeyserCoin 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.