NEXT (NEXT) Falls 0.09%, Outperforms the Crypto Market Saturday

Saturday, December 04, 2021 11:30 AM | InvestorsObserver Analysts

NEXT (NEXT) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has lost 8.78% to $0.1594481549, reaching a five-day high.

InvestorsObserver is giving NEXT a 71 Volatility Rank. Find out what this means to you and get the rest of the rankings on NEXT!

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Moderately Volatile

InvestorsObserver gives NEXT a moderate volatility rank of 71, placing it in the top 29% of cryptos on the market. The Volatility Gauge tracks the previous 60 days, meaning that one day won't make or break the score. NEXT's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation. NEXT price is favorably positioned going forward. With support around $0.0722786335417614 and resistance set at $0.314727544612585. This leaves NEXT 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.