NestEGG Coin (EGG), High Volatility and Falling Wednesday: Is it Time to Cash Out?

Wednesday, April 27, 2022 08:07 AM | InvestorsObserver Analysts

NestEGG Coin (EGG) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has dropped 41.77% to $0.002262658977.

InvestorsObserver is giving NestEGG Coin a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on NestEGG Coin!

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Highly Volatile

InvestorsObserver gives NestEGG Coin a high volatility rank of 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. EGG'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.

NestEGG Coin price is well positioned going forward. With support around $0.00126198398621807 and resistance near $0.002913087128867. This positions NestEGG Coin 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.