PoSW Coin (POSW) Up 1.24% Tuesday: What's Next?

Tuesday, June 06, 2023 12:34 PM | InvestorsObserver Analysts

PoSW Coin (POSW) has been relatively less volatile compared to the crypto market. So far Tuesday, the crypto has gained 1.24% to $0.002096307727.

InvestorsObserver is giving PoSW Coin a 16 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 16, placing it in the bottom 16% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. POSW's low volatility reading comes 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 in a good position going forward. With support set at $0.00201627422091257 and resistance around $0.00214777370881926. This positions 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.