Mchain (MAR) Rises 60.46%, Outperforms the Crypto Market Tuesday

Tuesday, January 11, 2022 06:00 PM | InvestorsObserver Analysts

Mchain (MAR) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has advanced 60.46% to $0.0005557817502.

InvestorsObserver is giving Mchain a 96 Volatility Rank. Find out what this means to you and get the rest of the rankings on Mchain!

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Highly Volatile

InvestorsObserver gives Mchain a high volatility rank of 96, placing it in the top 4% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. MAR's high volatility reading pairs 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.

Mchain price is trading above resistance. With support near $0.000236220376939269 and resistance around $0.000502554244269373. This positions Mchain out of range and potentially in a volatile position if the rally burns out.

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.