Jetcoin (JET) Rises 51.9%, Outperforms the Crypto Market Wednesday

Wednesday, August 10, 2022 05:25 PM | InvestorsObserver Analysts

Jetcoin (JET) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has gained 51.9% to $0.008100135388.

InvestorsObserver is giving Jetcoin a 80 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 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge takes into account this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. JET's high volatility reading comes 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 trading above resistance. With support at $0.004077254648683 and resistance set at $0.00783151327016705. This leaves Jetcoin out of range and potentially in a volatile position if the rally burns out.