Megacoin (MEC) Falls 0.05%, Outperforms the Crypto Market Tuesday

Tuesday, July 26, 2022 12:02 PM | InvestorsObserver Analysts

Megacoin (MEC) has been relatively less volatile when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 5.12% to $0.001246763642.

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 takes into account 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 coupled 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 in a good position going forward. With support at $0.00119217562042593 and resistance around $0.00126942428779273. This positions Megacoin with room to run before facing selling pressures.

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.