PotCoin (POT) Falls 0.55%, Underperforms the Crypto Market Tuesday

Tuesday, June 07, 2022 09:55 AM | InvestorsObserver Analysts

PotCoin (POT) has been relatively more volatile compared to the crypto market. So far Tuesday, the crypto has fallen 55.37% to $0.00336298572.

InvestorsObserver is giving PotCoin a 91 Volatility Rank. Find out what this means to you and get the rest of the rankings on PotCoin!

See Full Report

Highly Volatile

InvestorsObserver gives PotCoin a high volatility rank of 91, placing it in the top 9% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. POT'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.

PotCoin price is in a favorable position going forward. With support at $0.00135330986785701 and resistance set at $0.0052910411320161. This positions PotCoin 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.