Nekonium (NUKO) Rises 207.83%, Outperforms the Crypto Market Sunday

Sunday, January 09, 2022 01:40 PM | InvestorsObserver Analysts

Nekonium (NUKO) has been relatively more volatile compared to the crypto market. So far Sunday, the crypto has gained 207.83% to $0.001265381445.

InvestorsObserver is giving Nekonium a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nekonium!

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Highly Volatile

InvestorsObserver gives Nekonium a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. NUKO's high volatility reading comes 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 trading above resistance. With support around $0.000123550988824824 and resistance around $0.000981750800598199. This positions Nekonium out of range and potentially in a volatile position if the rally burns out.

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.