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Okcash (OK), High Volatility and Falling Friday: Is it Time to Cash Out?

Friday, November 18, 2022 01:29 PM | InvestorsObserver Analysts
Okcash (OK), High Volatility and Falling Friday: Is it Time to Cash Out?

Okcash (OK) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the crypto has dropped 1.99% to $0.00568199728.

volatility - 97
InvestorsObserver is giving Okcash a 97 Volatility Rank. Find out what this means to you and get the rest of the rankings on Okcash!

Highly Volatile

InvestorsObserver gives Okcash a high volatility rank of 97, placing it in the top 3% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. OK's high volatility reading is paired 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.

Okcash price is in a favorable position going forward. With support around $0.00525724029498652 and resistance set at $0.00584793443190411. This positions Okcash 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.

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