GoByte (GBX), Moderate Volatility and Rising Sunday: Is it Time to Cash Out?

Sunday, February 06, 2022 11:22 AM | InvestorsObserver Analysts

GoByte (GBX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has advanced 46.27% to $0.01826299517.

InvestorsObserver is giving GoByte a 70 Volatility Rank. Find out what this means to you and get the rest of the rankings on GoByte!

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Moderately Volatile

InvestorsObserver gives GoByte a moderate volatility rank of 70, placing it in the top 30% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. GBX's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

GoByte price is trading above resistance. With support at $0.00975548416894381 and resistance around $0.0177720816485256. This positions GoByte out of range and potentially in a volatile position if the rally burns out.

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.