Marinade Staked SOL (MSOL), High Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, June 03, 2023 11:20 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 Saturday, the crypto has lost 64.66% to $23.52.

InvestorsObserver is giving Marinade Staked SOL a 94 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 94, placing it in the top 6% 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 pairs 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 favorably positioned going forward. With support near $0.543268634566473 and resistance around $50.07. This leaves Marinade Staked SOL with room to run before facing selling pressures.