PotCoin (POT), High Volatility and Rising Saturday: Is it Time to Cash Out?

Saturday, January 21, 2023 09:58 AM | InvestorsObserver Analysts

PotCoin (POT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the crypto has added 83.31% to $0.003874198863.

InvestorsObserver is giving PotCoin a 94 Volatility Rank. Find out what this means to you and get the rest of the rankings on PotCoin!

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Highly Volatile

InvestorsObserver gives PotCoin a high volatility rank of 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge analyzes this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. POT's high volatility reading is coupled 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 trading above resistance. With support set at $0.00156544630340147 and resistance near $0.00319216462707924. This positions PotCoin 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.