PoSW Coin (POSW) Down 0.04% Wednesday: What's Next?

Wednesday, April 06, 2022 10:49 AM | InvestorsObserver Analysts

PoSW Coin (POSW) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has dropped 3.53% to $0.005759739696.

InvestorsObserver is giving PoSW Coin a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on PoSW Coin!

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Low Volatility

InvestorsObserver gives PoSW Coin a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market.

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

PoSW Coin price is favorably positioned going forward. With support near $0.00561485293317946 and resistance set at $0.00581782584075244. This leaves PoSW Coin 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.