Jupiter (JUP), Moderate Volatility and Falling Monday: Is it Time to Cash Out?

Monday, June 05, 2023 11:21 AM | InvestorsObserver Analysts

Jupiter (JUP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Distributed Software Platform has fallen 3.85% to $0.006805379396.

InvestorsObserver is giving Jupiter a 69 Volatility Rank. Find out what this means to you and get the rest of the rankings on Jupiter!

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Moderately Volatile

InvestorsObserver gives Jupiter a moderate volatility rank of 69, placing it in the top 31% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. JUP's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Jupiter price is trading near resistance. With support around $0.00650572704508947 and resistance around $0.00684910381570505. This positions Jupiter with potential selling pressures ahead as it may be getting over extended.

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.