Jetcoin (JET), High Volatility and Rising Thursday: Is it Time to Cash Out?

Thursday, October 27, 2022 05:17 PM | InvestorsObserver Analysts

Jetcoin (JET) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has added 62.12% to $0.00544037981.

InvestorsObserver is giving Jetcoin a 95 Volatility Rank. Find out what this means to you and get the rest of the rankings on Jetcoin!

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Highly Volatile

InvestorsObserver gives Jetcoin a high volatility rank of 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. JET's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Jetcoin price is in a favorable position going forward. With support at $0.00162157834461061 and resistance set at $0.00672391288867323. This positions Jetcoin with room to run before facing selling pressures.