Megacoin (MEC) Down 0.03% Sunday: What's Next?

Sunday, July 31, 2022 12:28 PM | InvestorsObserver Analysts

Megacoin (MEC) has been relatively less volatile compared to the crypto market. So far Sunday, the crypto has lost 3.06% to $0.001425706944.

InvestorsObserver is giving Megacoin a 23 Volatility Rank. Find out what this means to you and get the rest of the rankings on Megacoin!

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Low Volatility

InvestorsObserver gives Megacoin a low volatility rank of 23, placing it in the bottom 23% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. MEC's low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Megacoin price is trading near resistance. With support at $0.00137401921991069 and resistance at $0.0014335434216987. This positions Megacoin with potential selling pressures ahead as it may be getting over extended.

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.