Orbitcoin (ORB), Low Volatility but Falling Thursday: Is it Time to Cash Out?

Thursday, February 03, 2022 01:23 PM | InvestorsObserver Analysts

Orbitcoin (ORB) has been relatively less volatile compared to the crypto market. So far Thursday, the crypto has lost 1.88% to $0.1529512499.

InvestorsObserver is giving Orbitcoin a 8 Volatility Rank. Find out what this means to you and get the rest of the rankings on Orbitcoin!

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Low Volatility

InvestorsObserver gives Orbitcoin a low volatility rank of 8, placing it in the bottom 8% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ORB's low volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Orbitcoin price is in a good position going forward. With support around $0.148384651486068 and resistance set at $0.156712508145958. This positions Orbitcoin 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.