Moneytoken (IMT) Falls 0.97%, Underperforms the Crypto Market Saturday

Saturday, December 04, 2021 09:32 AM | InvestorsObserver Analysts

Moneytoken (IMT) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has fallen 96.53% to $0.0001591127892, reaching a five-day high.

InvestorsObserver is giving Moneytoken a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Moneytoken!

See Full Report

Highly Volatile

InvestorsObserver gives Moneytoken a high volatility rank of 98, placing it in the top 2% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. IMT's high volatility reading is coupled 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 around $-0.0013814230497186 and resistance set at $0.00308877405582881. This leaves Moneytoken with room to run before facing selling pressures.