ReddCoin (RDD) Falls 0.46%, Underperforms the Crypto Market Saturday

Saturday, July 02, 2022 08:48 AM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile when compared to other cryptocurrencies. So far Saturday, the Content has dropped 46.41% to $0.0001926976549.

InvestorsObserver is giving ReddCoin a 88 Volatility Rank. Find out what this means to you and get the rest of the rankings on ReddCoin!

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Highly Volatile

InvestorsObserver gives ReddCoin a high volatility rank of 88, placing it in the top 12% of cryptos on the market.

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

ReddCoin price is in a good position going forward. With support set at $0.0000818014105401629 and resistance near $0.000290497862858854. This leaves ReddCoin 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.