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QuickSwap (QUICK), High Volatility and Rising Friday: Is it Time to Cash Out?

Friday, June 24, 2022 09:52 AM | InvestorsObserver Analysts
QuickSwap (QUICK), High Volatility and Rising Friday: Is it Time to Cash Out?

QuickSwap (QUICK) has been relatively more volatile when compared to other cryptocurrencies. So far Friday, the Decentralized Exchange has increased 9.8% to $50.21.

volatility - 99
InvestorsObserver is giving QuickSwap a 99 Volatility Rank. Find out what this means to you and get the rest of the rankings on QuickSwap!

Highly Volatile

InvestorsObserver gives QuickSwap a high volatility rank of 99, placing it in the top 1% of cryptos on the market.

The Volatility Gauge analyzes which means that one day won't define its volatility rank - a trend will. QUICK's high volatility reading is paired 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.

QuickSwap price is trading above resistance. With support around $44.32 and resistance at $47.12. This leaves QuickSwap out of range and potentially in a volatile position if the rally burns out.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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