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Paypex (PAYX), High Volatility and Rising Tuesday: Is it Time to Cash Out?

Tuesday, February 08, 2022 08:37 AM | InvestorsObserver Analysts
Paypex (PAYX), High Volatility and Rising Tuesday: Is it Time to Cash Out?

Paypex (PAYX) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has increased 1.37% to $0.0002481039896.

volatility - 76
InvestorsObserver is giving Paypex a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on Paypex!

Highly Volatile

InvestorsObserver gives Paypex a high volatility rank of 76, placing it in the top 24% 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. PAYX's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Paypex price is favorably positioned going forward. With support set at $0.000237747832169291 and resistance around $0.000252779582250398. This leaves Paypex with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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