ReddCoin (RDD) Up 104.12% Saturday: What's Next?

Saturday, July 30, 2022 03:22 PM | InvestorsObserver Analysts

ReddCoin (RDD) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Content has gained 104.12% to $0.000490783405.

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 follows this makes its score defined by recent trends, rather than a bad day. RDD's high volatility reading is coupled 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 set at $0.000157879348387367 and resistance near $0.000405309928589857. 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.