Nekonium (NUKO), High Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, January 15, 2022 07:20 AM | InvestorsObserver Analysts

Nekonium (NUKO) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has declined 48.78% to $0.0004302799453.

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

See Full Report

Highly Volatile

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

The Volatility Gauge follows meaning that one day won't make or break its rank. NUKO's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Nekonium price is in a good position going forward. With support at $0.000187723535940072 and resistance near $0.000628810625651872. This leaves Nekonium 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.