ReddCoin (RDD) Falls 0.49%, Underperforms the Crypto Market Friday

Friday, July 22, 2022 05:58 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile compared to the crypto market. So far Friday, the Content has lost 49.2% to $0.0002356930665.

InvestorsObserver is giving ReddCoin a 94 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 94, placing it in the top 6% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. RDD'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.

ReddCoin price is in a good position going forward. With support around $0.0000989569803719472 and resistance near $0.000342375961343857. 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.