Marinade Staked SOL (MSOL) Falls 0.58%, Underperforms the Crypto Market Friday

Friday, June 30, 2023 06:19 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 Friday, the crypto has declined 57.78% to $20.69.

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 meaning that one day won't make or break its rank. MSOL's high volatility reading is paired 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 around $0.738299164909243 and resistance around $42.35. This leaves Marinade Staked SOL with room to run before facing selling pressures.