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

Monday, June 06, 2022 07:44 PM | InvestorsObserver Analysts

NestEGG Coin (EGG) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has added 46.74% to $0.0006582505437.

InvestorsObserver is giving NestEGG Coin a 93 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 93, placing it in the top 7% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. EGG'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.

NestEGG Coin price is trading near resistance. With support set at $0.000296689628005628 and resistance at $0.000748351099748764. This positions NestEGG Coin 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.