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Moneytoken (IMT), High Volatility and Rising Friday: Is it Time to Cash Out?

Friday, December 31, 2021 05:35 PM | InvestorsObserver Analysts
Moneytoken (IMT), High Volatility and Rising Friday: Is it Time to Cash Out?

Moneytoken (IMT) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has increased 18.94% to $0.0002220973408.

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

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 analyzes this makes its score defined by recent trends, rather than a bad day. IMT's high volatility reading pairs 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 trading above resistance. With support near $0.000172962498716809 and resistance at $0.000210676682862252. This leaves Moneytoken out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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