KnoxFS (New) (KFX), High Volatility and Falling Wednesday: Is it Time to Cash Out?

Wednesday, January 19, 2022 12:22 PM | InvestorsObserver Analysts

KnoxFS (New) (KFX) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 31.58% to $0.4483916498.

InvestorsObserver is giving KnoxFS (New) a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on KnoxFS (New)!

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Highly Volatile

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

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. KFX's high volatility reading comes 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.

KnoxFS (New) price is favorably positioned going forward. With support at $0.283808651308885 and resistance around $0.53380784664618. This leaves KnoxFS (New) 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.