PoSW Coin (POSW) Falls 0.03%, Underperforms the Crypto Market Sunday

Sunday, July 31, 2022 12:29 PM | InvestorsObserver Analysts

PoSW Coin (POSW) has been relatively less volatile compared to the crypto market. So far Sunday, the crypto has lost 3.1% to $0.003088908697.

InvestorsObserver is giving PoSW Coin a 17 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 17, placing it in the bottom 17% of cryptos on the market.

The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. POSW's low volatility reading is coupled 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 trading near resistance. With support near $0.00297618684176328 and resistance set at $0.00310515592623474. This leaves PoSW Coin with potential selling pressures ahead as it may be getting over extended.

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.