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

Thursday, July 07, 2022 04:21 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the Content has added 90.14% to $0.0006457684555.

InvestorsObserver is giving ReddCoin a 90 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 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge tracks this makes its score defined by recent trends, rather than a bad day. 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 trading above resistance. With support at $0.000223754675815869 and resistance set at $0.000434647710634451. This positions ReddCoin out of range and potentially in a volatile position if the rally burns out.

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.