Rainbow Token (RAINBOW) Down 0.28% Saturday: What's Next?

Saturday, June 03, 2023 10:49 AM | InvestorsObserver Analysts

Rainbow Token (RAINBOW) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the crypto has lost 27.81% to $0.0000000004949404429.

InvestorsObserver is giving Rainbow Token a 92 Volatility Rank. Find out what this means to you and get the rest of the rankings on Rainbow Token!

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Highly Volatile

InvestorsObserver gives Rainbow Token a high volatility rank of 92, placing it in the top 8% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. RAINBOW's high volatility reading is coupled 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.

Rainbow Token price is favorably positioned going forward. With support near $0.000000000309307543108086 and resistance set at $0.000000000668711438641547. This positions Rainbow Token with room to run before facing selling pressures.