OTOCASH (OTO) Down 0.3% Thursday: What's Next?

Thursday, March 28, 2024 07:38 AM | InvestorsObserver Analysts

OTOCASH (OTO) has been relatively less volatile when compared to other cryptocurrencies. So far Thursday, the Digital Money has dropped 30.03% to $0.03498298968.

InvestorsObserver is giving OTOCASH a 4 Volatility Rank. Find out what this means to you and get the rest of the rankings on OTOCASH!

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Low Volatility

InvestorsObserver gives OTOCASH a low volatility rank of 4, placing it in the bottom 4% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. OTO's low volatility reading comes 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.

OTOCASH price is in a good position going forward. With support around $0.0245793794346465 and resistance at $0.0396191400540485. This positions OTOCASH 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.