Moneytoken (IMT) Falls 0.64%, Underperforms the Crypto Market Thursday

Thursday, September 29, 2022 09:58 AM | InvestorsObserver Analysts

Moneytoken (IMT) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 64.14% to $0.00003904622949.

InvestorsObserver is giving Moneytoken a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on Moneytoken!

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Highly Volatile

InvestorsObserver gives Moneytoken a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. IMT's high volatility reading is paired 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.

Moneytoken price is favorably positioned going forward. With support near $-0.00000455662015439515 and resistance set at $0.000082047362554371. This positions Moneytoken with room to run before facing selling pressures.