ReddCoin (RDD), High Volatility and Falling Saturday: Is it Time to Cash Out?

Saturday, August 06, 2022 07:13 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile compared to the crypto market. So far Saturday, the Content has declined 50.07% to $0.0002323240477.

InvestorsObserver is giving ReddCoin a 95 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 95, placing it in the top 5% of cryptos on the market.

The Volatility Gauge tracks 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 favorably positioned going forward. With support around $0.0000979301923566431 and resistance near $0.000453775131251377. 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.