Knekted (KNT), High Volatility and Rising Friday: Is it Time to Cash Out?

Friday, November 04, 2022 07:38 PM | InvestorsObserver Analysts

Knekted (KNT) has been relatively more volatile compared to the crypto market. So far Friday, the crypto has increased 7.42% to $0.0000226357273.

InvestorsObserver is giving Knekted a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Knekted!

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Highly Volatile

InvestorsObserver gives Knekted a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. KNT'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.

Knekted price is trading above resistance. With support around $0.0000208358507618678 and resistance near $0.0000213722816509099. This positions Knekted out of range and potentially in a volatile position if the rally burns out.