Novacoin (NVC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has gained 4.55% to $0.02602272676.
Moderately VolatileInvestorsObserver gives Novacoin a moderate volatility rank of 64, placing it in the top 36% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. NVC's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Novacoin price is trading near resistance. With support around $0.023879867679714 and resistance around $0.0260496369370211. This positions Novacoin with potential selling pressures ahead as it may be getting over extended.