Kemacoin (KEMA), High Volatility and Falling Sunday: Is it Time to Cash Out?

Sunday, October 01, 2023 07:30 PM | InvestorsObserver Analysts

Kemacoin (KEMA) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the crypto has dropped 37.65% to $0.0003351340136.

InvestorsObserver is giving Kemacoin a 89 Volatility Rank. Find out what this means to you and get the rest of the rankings on Kemacoin!

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Highly Volatile

InvestorsObserver gives Kemacoin a high volatility rank of 89, placing it in the top 11% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. KEMA's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Kemacoin price is well positioned going forward. With support around $0.000198259591863302 and resistance around $0.000413145279318837. This leaves Kemacoin with room to run before facing selling pressures.

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.