MojoCoin (MOJO), Moderate Volatility and Falling Friday: Is it Time to Cash Out?

Friday, January 07, 2022 08:05 PM | InvestorsObserver Analysts

MojoCoin (MOJO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has lost 47% to $0.01091200799.

InvestorsObserver is giving MojoCoin a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on MojoCoin!

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Moderately Volatile

InvestorsObserver gives MojoCoin a moderate volatility rank of 39, placing it in the bottom 39% 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. MOJO's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

MojoCoin price is in a good position going forward. With support around $0.00523961657141309 and resistance around $0.0151601838455067. This leaves MojoCoin 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.