Marinade Staked SOL (MSOL) Down 0.69% Wednesday: What's Next?

Wednesday, June 21, 2023 07:59 AM | InvestorsObserver Analysts

Marinade Staked SOL (MSOL) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Wednesday, the crypto has fallen 69% to $18.49.

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

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Highly Volatile

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

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. MSOL'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.

Marinade Staked SOL price is in a good position going forward. With support at $-2.69531626202886 and resistance set at $44.55. This leaves Marinade Staked SOL with room to run before facing selling pressures.