Paypex (PAYX) Falls 0.05%, Underperforms the Crypto Market Tuesday

Tuesday, August 09, 2022 12:55 PM | InvestorsObserver Analysts

Paypex (PAYX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 4.55% to $0.00003377173235.

InvestorsObserver is giving Paypex a 33 Volatility Rank. Find out what this means to you and get the rest of the rankings on Paypex!

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Moderately Volatile

InvestorsObserver gives Paypex a moderate volatility rank of 33, placing it in the bottom 33% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. PAYX's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Paypex price is trading near resistance. With support at $0.0000321208581231747 and resistance around $0.0000343104265999261. This leaves Paypex with potential selling pressures ahead as it may be getting over extended.