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KanadeCoin (KNDC), High Volatility and Rising Tuesday: Is it Time to Cash Out?

Tuesday, January 18, 2022 06:36 AM | InvestorsObserver Analysts
KanadeCoin (KNDC), High Volatility and Rising Tuesday: Is it Time to Cash Out?

KanadeCoin (KNDC) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has added 588.58% to $0.000225005969.

volatility - 91
InvestorsObserver is giving KanadeCoin a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on KanadeCoin!

Highly Volatile

InvestorsObserver gives KanadeCoin a high volatility rank of 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. KNDC's high volatility reading is coupled 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.

KanadeCoin price is trading above resistance. With support at $-0.0000403190187664616 and resistance near $0.00017756389756483. This leaves KanadeCoin out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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