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POA Network (POA) Falls 0.26%, Underperforms the Crypto Market Friday

Friday, December 09, 2022 08:08 AM | InvestorsObserver Analysts
POA Network (POA) Falls 0.26%, Underperforms the Crypto Market Friday

POA Network (POA) has been relatively more volatile compared to the crypto market. So far Friday, the Distributed Software Platform has fallen 25.96% to $0.009178727675.

volatility - 94
InvestorsObserver is giving POA Network a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on POA Network!

Highly Volatile

InvestorsObserver gives POA Network a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. POA's high volatility reading pairs 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.

POA Network price is in a good position going forward. With support near $0.00759608350066198 and resistance set at $0.0101201138955141. This leaves POA Network 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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