PutinCoin (PUT) Falls 0.71%, Underperforms the Crypto Market Monday

Monday, March 14, 2022 12:41 PM | InvestorsObserver Analysts

PutinCoin (PUT) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Monday, the crypto has fallen 71.12% to $0.0004106340446.

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

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Highly Volatile

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

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

PutinCoin price is well positioned going forward. With support at $-0.0000996105019603626 and resistance around $0.00133384593104527. This leaves PutinCoin 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.