Polis (POLIS) Up 27.14% Wednesday: What's Next?

Wednesday, July 05, 2023 08:26 AM | InvestorsObserver Analysts

Polis (POLIS) has been relatively more volatile compared to the crypto market. So far Wednesday, the crypto has added 27.14% to $0.007144547039.

InvestorsObserver is giving Polis a 80 Volatility Rank. Find out what this means to you and get the rest of the rankings on Polis!

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Highly Volatile

InvestorsObserver gives Polis a high volatility rank of 80, placing it in the top 20% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. POLIS's high volatility reading is paired 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.

Polis price is trading above resistance. With support at $0.00417635724807046 and resistance near $0.00693230978140495. This positions Polis out of range and potentially in a volatile position if the rally burns out.

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.