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Multichain (MULTI) Falls 0.18%, Underperforms the Crypto Market Sunday

Sunday, November 12, 2023 02:01 PM | InvestorsObserver Analysts
Multichain (MULTI) Falls 0.18%, Underperforms the Crypto Market Sunday

Multichain (MULTI) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has fallen 17.77% to $1.94.

volatility - 83
InvestorsObserver is giving Multichain a 83 Volatility Rank. Find out what this means to you and get the rest of the rankings on Multichain!

Highly Volatile

InvestorsObserver gives Multichain a high volatility rank of 83, placing it in the top 17% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. MULTI'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.

Multichain price is in a favorable position going forward. With support at $1.66 and resistance around $2.06. This positions Multichain with room to run before facing selling pressures.

What is a Token?

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

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