PumaPay (PMA), High Volatility and Falling Wednesday: Is it Time to Cash Out?

Wednesday, November 16, 2022 10:14 AM | InvestorsObserver Analysts

PumaPay (PMA) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 44.87% to $0.00002096518213.

InvestorsObserver is giving PumaPay a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on PumaPay!

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Highly Volatile

InvestorsObserver gives PumaPay a high volatility rank of 98, placing it in the top 2% 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. PMA's high volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

PumaPay price is well positioned going forward. With support set at $0.0000069496414961715 and resistance near $0.00003059597805433. This leaves PumaPay with room to run before facing selling pressures.