Nervos Network (CKB), Low Volatility but Rising Monday: Is it Time to Cash Out?

Monday, March 28, 2022 03:15 PM | InvestorsObserver Analysts

Nervos Network (CKB) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has gained 3.56% to $0.0131797372.

InvestorsObserver is giving Nervos Network a 21 Volatility Rank. Find out what this means to you and get the rest of the rankings on Nervos Network!

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Low Volatility

InvestorsObserver gives Nervos Network a low volatility rank of 21, placing it in the bottom 21% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. CKB's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Nervos Network price is trading near resistance. With support set at $0.0119244605483902 and resistance set at $0.0133120147692454. This positions Nervos Network with potential selling pressures ahead as it may be getting over extended.

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.